Unassociated Document

[logo - - American Funds®]

The right choice for the long term®

EuroPacific Growth Fund

Global research in an uncertain world

[photo of people walking in Sergel's Torg (Sergel's Square) in Stockholm, Sweden]

Annual report for the year ended March 31, 2009

EuroPacific Growth Fund® seeks long-term capital appreciation by investing primarily in the securities of companies based in Europe and the Pacific Basin. More than half of the world’s investment opportunities can be found beyond the borders of our country. As a shareholder in the fund, you have access to what we believe are the best of those opportunities.

This fund is one of the American Funds. American Funds is one of the nation’s largest mutual fund families. For nearly 80 years, Capital Research and Management Company,SM the American Funds adviser, has invested with a long-term focus based on thorough research and attention to risk.

Fund results shown in this report, unless otherwise indicated, are for Class A shares at net asset value. If a sales charge (maximum 5.75%) had been deducted, the results would have been lower. Results are for past periods and are not predictive of results for future periods. Current and future results may be lower or higher than those shown. Share prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity. For current information and month-end results, visit americanfunds.com.

Investment results assume all distributions are reinvested and reflect applicable fees and expenses. The fund’s investment adviser waived a portion of its management fees from September 1, 2004, through December 31, 2008. Fund results shown reflect the waiver, without which they would have been lower. Please see the Financial Highlights table on pages 25 and 26 for details.

Results for other share classes can be found on page 10.

Investing outside the United States may be subject to additional risks, such as currency fluctuations and political instability. See the prospectus and the Risk Factors section of this report for more information on these and other risks associated with investing in the fund.

About the cover: Sergel’s Torg (Sergel’s Square) in Stockholm, Sweden.

In this report

Special feature

6	Global research in an uncertain world
	Although the current crisis has demanded some changes, EuroPacific Growth Fund’s investment professionals still approach their research and analysis using principles honed over decades.


	Contents

1	Letter to shareholders

4	The value of a long-term perspective

11	Summary investment portfolio

16	Financial statements

32	Board of trustees and other officers

Fellow shareholders:

[photo of two people walking in Sergel's Torg (Sergel's Square) in Stockholm, Sweden]

2008 was a terrible year for global equity markets, as everything conspired to go wrong at roughly the same time. No market was spared in this environment. Companies with strong balance sheets suffered along with their weaker compatriots. There was simply nowhere to hide. Every single market in the MSCI ACWI Index ex USA saw double-digit declines.

EuroPacific Growth Fund recorded a total return with dividends reinvested of –40.5% for the year ended March 31, 2009. It is in many ways little comfort that this was better than the 46.2% decline for the MSCI ACWI Index ex USA and better than the Lipper International Funds Average, which recorded a 46.4% decline over the fund’s fiscal year.

With declines like this, it is easy to question the wisdom of global investing, particularly for more recent shareholders in EuroPacific Growth Fund. In this regard, we believe it is instructive to look at the fund’s long-term record to understand what might lie ahead for your fund. As the table below indicates, the fund has recorded a compound annual rate of return of 10.8% in its nearly 25 years of existence. It would be easy to react to this by saying that it was achieved in a period of extraordinarily benevolent economic and stock market conditions. We beg to differ. The past 25 years have been pretty tumultuous for overseas markets. The fund began operations in 1984 and saw its first major air pocket with the October 1987 stock market collapse, when many markets fell more than 30% in a matter of days. This was followed by the pricking of the Japanese equity bubble in 1989. In 1991, the Gulf War and ensuing recession had a profound impact on Europe. 1994 saw the Mexico peso devaluation; in 1997, Asia (excluding Japan) suffered a year very similar to last year with a collapse in most Asian economies, along with the collapse of Russia; 1998 saw the turbulence and the collapse of the LTCM hedge fund in New York; 2000 saw the popping of the dot-com boom, while 2008 was without doubt the most turbulent of all simply because of the global scale of what took place.

As we look forward, it is difficult to argue that we are at a high point in the investment cycle. The companies in our portfolio represent those that we believe offer excellent long-term value. Many price-to-earnings ratios and yields are at multiyear lows, yet corporate balance sheets are, by and large, strong. This is particularly true in Asia; the economic collapses there in the 1990s led companies to adopt rock-solid balance sheets. In Japan, for instance, companies listed on the stock market in aggregate have net cash. We believe that, in spite of the challenging short-term economic outlook, the longer term prospect of our investments is good.

[Begin Sidebar]

Results at a glance

For periods ended March 31, 2009, with all distributions reinvested

Total returns

Average annual total returns

1 year

5 years

10 years

Lifetime1

EuroPacific Growth Fund (Class A shares)

–40.5

1.5

3.5

10.8

MSCI ACWI (All Country World Index)

Index ex USA2,3

–46.2

–0.2

0.9

—

Lipper International Funds Average4

–46.4

–2.2

0.5

8.2

MSCI EAFE (Europe, Australasia, Far East)

Index2

–46.2

–1.7

–0.5

8.1

1 Since April 16, 1984.

2 The index is unmanaged and its return does not reflect the effect of sales charges, commissions or expenses.

3 The index did not exist prior to December 31, 1987.

4 Source: Lipper. Lipper averages do not reflect the effect of sales charges.

[End Sidebar]

Outlook on a momentously challenging year

One of the most important mistakes that we made in 2008 was to fail to see the global and indiscriminate nature of the economic collapse. It had been our belief that, while the deficit countries of the world were vulnerable to an economic slowdown, the surplus countries, with their significant reserves, would ride out any turbulence. Nothing could have been further from the truth. In fact, they suffered along with the deficit countries. Japan has seen industrial production fall 30% from its peak and German industrial production has declined more than either the U.K. or the U.S. These are extraordinary numbers and reflect the extent of deleveraging and inventory liquidation taking place. However, what distinguishes these surplus countries from their peers is that although they currently have an income-statement problem, they don’t have a balance-sheet problem. Thus, once economic conditions normalize, we believe their economic futures will look bright.

The economies of the world are being buffeted by one of the greatest margin calls and one of the biggest inventory cycles in history as companies liquidate their inventories to raise cash. There are some signs that the inventory liquidation is coming to a close thanks to the extraordinary efforts of central banks around the world. This, combined with substantial fiscal stimulus packages, should help some life return to economies in 2009. For example, China seems to be responding rapidly to the fiscal and monetary stimulus that it has been enjoying.

How the fund responded

By and large, our focus over the course of the last fiscal year was on companies with strong balance sheets offering stable cash flows and some earnings visibility. As a result, health care, telecommunications and consumer staples companies were well represented in the portfolio. Geographically, the fund had a high concentration in Europe and Asia. The fund’s holdings in developing markets were also a significant part of the portfolio.

[Begin Sidebar]

[photo of eleven foreign flags]

Where the fund’s assets are invested
(percent invested by country)

EuroPacific Growth Fund invests primarily in the stocks of companies based in Europe and the Pacific Basin.1


	EuroPacific Growth Fund						MSCI All Country World Index ex USA2
	(3/31/09)			(3/31/08)			(3/31/09)
Europe
Euro zone3		30.0	%		32.3	%		23.9	%
Switzerland		8.3			6.8			6.0
United Kingdom		8.3			7.0			15.2
Denmark		2.4			2.1			.6
Russia		2.1			2.7			1.2
Sweden		1.2			1.7			1.7
Norway		.7			1.1			.5
Other Europe		.5			.6			.7
		53.5			54.3			49.8

Pacific Basin
Japan		7.8			7.8			17.9
Mexico		3.2			2.5			.9
China		3.0			1.0			3.7
Canada		2.4			2.1			6.9
Taiwan		2.4			3.7			2.3
Hong Kong		1.9			1.1			1.7
Australia		1.9			1.7			5.1
South Korea		1.9			4.4			2.6
Singapore		.6			1.0			.8
Other Pacific Basin		.8			1.2			1.3
		25.9			26.5			43.2

Other
India		2.8			2.9			1.2
Brazil		2.7			3.3			2.8
Israel		1.7			.5			.7
South Africa		1.2			1.4			1.6
Other countries		.1			.3			.7
		8.5			8.4			7.0

Short-term securities & other assets less liabilities

		12.1			10.8			—

Total		100.0	%		100.0	%		100.0	%

1 A country is considered part of the Pacific Basin if any of its borders touches the Pacific Ocean.
2 Weighted by market capitalization.
3 Countries using the euro as a common currency; those represented in the fund’s portfolio and the MSCI ACWI Index ex USA are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Portugal and Spain.

[End Sidebar]

Health care was the fund’s largest concentration at 13.8% of the portfolio. Teva Pharmaceutical dropped a mere 2.5%, while Roche (–27.2%), Novartis (–26.5%), Novo Nordisk (–30.0%) and Bayer (–40.3%) suffered more, albeit less than market averages. The telecommunications sector, at 11.3% of the fund, was our second-largest industry investment. While the industry is not immune to the economic cycle, we believe that our two largest holdings, América Móvil and Telefónica, may continue to benefit from the secular growth taking place in mobile phone penetration in developing markets. Our other top 10 holdings were Anheuser-Busch InBev (–68.7%), food giant Nestlé (–32.4%) and software firm SAP (–28.6%).

We ended the fiscal year with a 12.1% cash position, which is somewhat higher than last year’s 10.8%. The cash gives our investment professionals sufficient resources and flexibility to take advantage of opportunities as they arise. One of the other unusual features of the last fiscal year was that the U.S. saw its currency rise versus other currencies. This was due in part to the deleveraging that forced many to buy dollars and in part to a flight to safety by investors. The strength of the U.S. dollar in 2008 ended a period of sustained weakness, which had been helpful to dollar-based investors in recent years.

Looking ahead

There is no doubt that substantial challenges lie ahead. There are signs, though, of some calm beginning to return to economies as the extraordinary efforts of both governments and central banks to inject fiscal stimuli and liquidity begin to take effect. The inventory liquidation that has been an important feature of the most recent period also seems to be coming to an end, which means the fog is beginning to lift. Our belief is that any economic recovery will not move in a straight line upward, and we are investing with that in mind.

We take comfort from the low valuations that exist today throughout the world, many of which represent multiyear lows. We are also focused on the same research process and long-term investment strategy that has been in existence for the life of the fund, which we hope will enable us to take advantage of opportunities.

We thank you for your trust in the benefits of our long-term investment philosophy.

Sincerely,

/s/ Gina H. Despres

Gina H. Despres

Vice Chairman of the Board

/s/ Mark Denning

Mark Denning

President

May 6, 2009

For current information about the fund, visit americanfunds.com.

The value of a long-term perspective

Fund results shown are for Class A shares and reflect deduction of the maximum sales charge of 5.75% on the $10,000 investment.1 Thus, the net amount invested was $9,425.2 Results are for past periods and are not predictive of results for future periods. Current and future results may be lower or higher than those shown. Share prices and returns will vary, so investors may lose money. For current information and month-end results, visit americanfunds.com.

How a $10,000 investment has grown

While notable for their volatility in recent years, financial markets have tended to reward investors over the long term. Active management — bolstered by experience and careful research — can add even more value. As the chart shows, over its lifetime, EuroPacific Growth Fund has done demonstrably better than its relevant benchmark.

Average annual total returns based on a $1,000 investment

(for periods ended March 31, 2009)*

1 year

5 years

10 years

Class A shares

–43.96

0.30

2.86

*Assumes reinvestment of all distributions and payment of the maximum 5.75% sales charge.

The total annual fund operating expense ratio was 0.83% for Class A shares for the fund’s most recent fiscal year-end. This figure does not reflect the fee waiver described below.

[begin mountain chart]

For Year

Ended March 31

EuroPacific Growth Fund, with dividends reinvested4

MSCI ACWI Index ex USA, with dividends reinvested5,6

Consumer

Price Index (inflation)7

Initial Investment

04/16/84

9,425

10,000

1985

Low

07/23/84

8,696

Low

07/23/84

8,155

Low

04/30/84

10,000

03/28/85

9,955

03/31/85

10,348

03/31/85

10,320

03/31/85

9,941

03/31/85

10,348

03/31/85

10,320

1986

Low

04/08/85

9,775

Low

04/09/85

10,115

Low

04/30/85

10,369

03/21/86

15,364

03/31/86

19,228

01/31/86

10,630

03/31/86

15,357

03/31/86

19,228

03/31/86

10,553

1987

Low

07/22/86

15,634

Low

04/07/86

18,448

Low

04/30/86

10,533

03/27/87

19,887

03/27/87

31,405

03/31/87

10,873

03/31/87

19,813

03/31/87

31,010

03/31/87

10,873

1988

10/08/87

24,499

10/14/87

36,201

Low

04/30/87

10,931

Low

12/11/87

17,992

Low

11/11/87

28,389

03/31/88

11,300

03/31/88

21,422

03/31/88

36,179

03/31/88

11,300

1989

Low

09/01/88

21,189

Low

08/31/88

33,481

Low

04/30/88

11,358

02/09/89

24,835

02/28/89

41,150

03/31/89

11,862

03/31/89

24,569

03/31/89

40,446

03/31/89

11,862

1990

Low

06/13/89

24,282

12/31/89

45,003

Low

04/30/89

11,940

12/06/89

28,391

Low

03/31/90

36,338

03/31/90

12,483

03/31/90

28,742

03/31/90

36,338

03/31/90

12,483

1991

07/18/90

33,103

07/31/90

40,323

Low

04/30/90

12,502

Low

01/16/91

27,795

Low

09/30/90

31,618

03/31/91

13,094

03/31/91

31,359

03/31/91

37,523

03/31/91

13,094

1992

Low

08/19/91

30,061

12/31/91

39,623

Low

04/30/91

13,113

02/28/92

36,033

Low

03/31/92

35,581

03/31/92

13,511

03/31/92

35,033

03/31/92

35,581

03/31/92

13,511

1993

06/02/92

37,465

Low

10/31/92

34,792

Low

04/30/92

13,531

Low

11/17/92

33,764

03/31/93

39,345

03/31/93

13,928

03/31/93

37,728

03/31/93

39,345

03/31/93

13,928

1994

Low

04/02/93

37,813

Low

04/30/93

42,820

Low

04/30/93

13,967

02/02/94

50,611

01/31/94

51,503

03/31/94

14,277

03/31/94

47,638

03/31/94

48,772

03/31/94

14,277

1995

09/02/94

51,011

10/31/94

53,443

Low

04/30/94

14,297

Low

01/31/95

46,642

Low

02/16/95

48,179

03/31/95

14,685

03/31/95

47,974

03/31/95

50,901

03/31/95

14,685

1996

Low

04/03/95

47,928

Low

06/30/95

51,925

Low

04/30/95

14,733

03/25/96

57,612

03/31/96

57,610

03/31/96

15,102

03/31/96

57,494

03/31/96

57,610

03/31/96

15,102

1997

Low

07/24/96

57,229

Low

07/31/96

56,809

Low

04/30/96

15,160

03/11/97

67,625

11/30/96

60,212

03/31/97

15,519

03/31/97

66,627

03/31/97

59,368

03/31/97

15,519

1998

10/03/97

77,523

Low

04/30/97

59,868

Low

05/31/97

15,529

Low

01/12/98

67,131

03/31/98

69,026

03/31/98

15,732

03/31/98

80,601

03/31/98

69,026

03/31/98

15,732

1999

04/15/98

83,900

Low

09/30/98

57,722

Low

04/30/98

15,761

Low

10/05/98

65,404

03/31/99

71,159

03/31/99

16,004

03/31/99

87,198

03/31/99

71,159

03/31/99

16,004

2000

Low

04/01/99

87,833

Low

05/31/99

71,208

Low

06/30/99

16,120

03/29/00

137,516

03/31/00

91,706

03/31/00

16,605

03/31/00

134,560

03/31/00

91,706

03/31/00

16,605

2001

04/10/00

134,710

06/30/00

87,965

Low

04/30/00

16,615

Low

03/22/01

94,189

Low

03/22/01

64,313

03/31/01

17,090

03/31/01

96,853

03/31/01

67,112

03/31/01

17,090

2002

05/21/01

104,778

05/02/01

72,556

Low

12/31/01

17,139

Low

09/21/01

79,958

Low

09/21/01

52,947

03/31/02

17,342

03/31/02

94,302

03/31/02

63,225.6

03/31/02

17,342

2003

05/17/02

96,306

05/17/02

65,397

Low

04/30/02

17,439

Low

03/12/03

69,809

Low

03/12/03

46,776

03/31/03

17,866

03/31/03

72,463

03/31/03

49,204

03/31/03

17,866

2004

Low

04/01/03

73,091

Low

04/01/03

49,620

Low

05/31/03

17,798

High

03/01/04

114,695

High

02/17/04

79,825

03/31/04

18,177

03/31/04

113,848

03/31/04

78,684

03/31/04

18,177

2005

Low

05/17/04

103,225

Low

05/17/04

71,764

Low

04/30/04

18,235

High

03/04/05

132,976

High

03/08/05

95,174

03/31/05

18,749

03/31/05

127,604

03/31/05

91,389

03/31/05

18,749

2006

Low

04/28/05

123,628

Low

05/17/05

88,203

Low

05/31/05

18,855

High

03/30/06

166,244

High

03/30/06

117,805

03/31/06

19,379

03/31/06

166,207

03/31/06

117,092

03/31/06

19,379

2007

Low

06/13/06

150,639

Low

06/13/06

107,730

Low

04/30/06

19,544

High

12/20/06

186,512

High

02/26/07

142,457

03/31/07

19,918

03/31/07

193,850

03/31/07

140,848

03/31/07

19,918

2008

High

10/31/07

234,626

High

10/31/2007

168,788

Low

04/30/07

20,047

Low

03/19/08

197,139

Low

1/23/2008

135,249

03/31/08

20,711

03/31/08

206,256

3/31/2008

144,476

03/31/08

20,711

2009

High

05/19/08

222,332

High

05/19/08

160,099

07/31/08

21,335

Low

03/09/09

107,894

Low

03/09/09

66,530

Low

12/31/08

20,391

03/31/09

122,641

03/31/09

77,762

03/31/09

20,631

[end mountain chart]

Year ended March 31		1985	3	1986		1987			1988			1989			1990		1991
TOTAL VALUE
Dividends reinvested	$	69			35		118			491			316			527		656
Value at year-end	$	9,941			15,357		19,813			21,422			24,569			28,742		31,359
Total return		(0.6	)%		54.5		29.0			8.1			14.7			17.0		9.1


Year ended March 31	1992			1993		1994			1995			1996			1997		1998
TOTAL VALUE
Dividends reinvested		611			538		515			715			1,131			1,062		1,155
Value at year-end		35,033			37,728		47,638			47,974			57,494			66,627		80,601
Total return		11.7			7.7		26.3			0.7			19.8			15.9		21.0


Year ended March 31	1999			2000		2001			2002			2003			2004		2005
TOTAL VALUE
Dividends reinvested		991			841		637			2,209			836			1,083		1,796
Value at year-end		87,198			134,560		96,853			94,302			72,463			113,848		127,604
Total return		8.2			54.3		(28.0	)		(2.6	)		(23.2	)		57.1		12.1


Year ended March 31	2006			2007		2008			2009
TOTAL VALUE
Dividends reinvested		2,575			2,899		4,070			3,422
Value at year-end		166,207			193,850		206,256			122,641
Total return		30.3			16.6		6.4			(40.5	)

Average annual total return for fund’s lifetime: 10.6%4

The results shown are before taxes on fund distributions and sale of fund shares.

1As outlined in the prospectus, the sales charge is reduced for accounts (and aggregated investments) of $25,000 or more and is eliminated for purchases of $1 million or more. There is no sales charge on dividends or capital gain distributions that are reinvested in additional shares.

2The maximum initial sales charge was 8.5% prior to July 1, 1988.

3For the period April 16, 1984 (commencement of operations), through March 31, 1985.

4Includes reinvested dividends of $29,297 and reinvested capital gain distributions of $70,634.

5The market indexes are unmanaged and their results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

6From April 16, 1984, through December 31, 1987, the MSCI EAFE Index was used because the MSCI ACWI ex USA Index did not yet exist. Since January 1, 1988, the MSCI ACWI ex USA Index has been used.

7Computed from data supplied by the U.S. Department of Labor, Bureau of Labor Statistics.

Global research

in an uncertain world

[photo of people carrying umbrellas walking on a wet London sidewalk - red double-decker bus and cars in the background]

The cataclysmic events of the past year brought world markets to their knees, ushering in some of the worst economic conditions that most of us have seen in our lifetimes.

No sector, no company, no asset class save gold and cash — and no investment style — was spared in the humbling environment. EuroPacific Growth Fund, and all the American Funds, have an investment philosophy that is steeped in rigorous fundamental company research. These extraordinary times naturally lead us to evaluate: Should the unprecedented market gyrations cause us to change our investing style?

The short answer is no. The current crisis indeed has demanded a few changes, but the fund’s investment professionals still approach their work using principles honed over decades. In fact, the more the world changes, the greater the imperative to stay the course. We are holding true to our value style and strict discipline in analysis.

[Begin Pull Quote]

“We can’t always predict the large macroeconomic forces that will

crash down on us, but we can identify companies that have

good value and are likely to be well-positioned in

whatever economic environment comes our way.” — Gina Despres

[night photo of a street crosswalk - cars whizing by in the background]

[End Pull Quote]

“What’s clear is that nothing has changed about the way we invest. Despite the huge volatility, we have not changed our process or methodology. The basic framework or building block that we use is to know the companies really well,” says investment analyst Leo Hee, based in Hong Kong. “Our philosophy is to understand the business model of the companies we consider for investment and use that to help us determine their intrinsic value.”

In this turbulent market, EuroPacific Growth Fund is concentrating on what it does best. “We can’t always predict the large macroeconomic forces that will crash down on us, but we can identify companies that have good value and are likely to be well-positioned in whatever economic environment comes our way,” says Gina Despres, EuroPacific’s vice chairman of the board. “That is what we are continuing to do, despite the fact we’ve been in an environment where that simply hasn’t worked in the short term.”

Building blocks

Researching securities at American Funds has always involved rigorous analysis, in-depth questioning of managements and intense debate about companies and market forces. In the short term, over the last several months, the stock market valuations of nearly all companies have crumbled — without regard to whether a company is weak or strong — and this can hold promise for those who can see past the market fluctuations.

“In an environment when absolutely everything is going down indiscriminately, our differentiation based on breadth of research goes out the window,” says portfolio counselor Carl Kawaja. “But as the tough environment begins to improve, it will become apparent that stock-picking matters. Not momentum investing, not sector or country investing, but company-by-company analysis to find the strongest securities. I’m excited about this environment for this reason: There is opportunity in crisis.”

The intimate knowledge of companies should allow the investment professionals to identify solid companies with little or manageable debt, with a steady demand for their products and with the ability to produce those products in an efficient manner. These are the companies that have potential to thrive in the next part of the market cycle.

“A lot of babies have been thrown out with the bathwater,” says Mark Denning, portfolio counselor and president of the fund. “Luckily, we have the capability to analyze — company by company — the fundamentals and determine which of these babies could go on to thrive. It will not be all of them, and we aim to identify the ones that will.”

EuroPacific’s investment professionals choose which companies to invest in by carefully looking at how a company makes its money, the sources of its profits, how it attracts and retains its customers, the competitive landscape of its industry, the honesty and competency of management and their expectation for company earnings in the next five to 10 years. Analysts dig deep to determine a company’s total leverage and the underlying asset values, and whether these companies will face risks in refinancing debt.

“Because of the uniformity of the market declines around the world — all of the markets, all of the industries, they all fell by large amounts — there are very good companies that have been taken down along with those that do have risk,” says portfolio counselor Rob Lovelace. “This is a wonderful environment for fundamental analysis the way we do it: visiting the companies, asking managements how they see their businesses, and having the capability to do the technical analysis of assets and cash flows.”

Galen Hoskin, an investment analyst on EuroPacific with 15 years of experience, says, “We remain focused on long-term investing and continue our discipline of trying to find out what the companies are worth, projecting out the next several years of cash flows and earnings and what’s a fair value to pay for those.” He adds, “The environment has shaken out everything and, through our research, it is directing us toward the strongest companies.”

[Begin Pull Quote]

[night photo of the top of a taxi cab]

[End Pull Quote]

Investment analyst Isabelle de Wismes, who has 16 years of experience researching European and emerging-market banks, concurs. “I have seen bank crises before, so I know the layers of bank balance sheets and what to look at,” she says. “It helps to have this knowledge, but no crisis is identical. What is specific about this crisis is the speed of what happened and the cascading effects spreading among companies and across borders. Flexibility is necessary in this environment.”

Changes at the margins

Although our investment process remains on track, the world has significantly changed. EuroPacific Growth Fund’s investment professionals often speak about investing “from the bottom up,” which means making decisions based on each company’s intrinsic merit regardless of the direction of the market or economy. Because of this, value investors in general traditionally do not lean heavily on macroeconomic trends in making their choices — but this inclination has been tested by the current crisis.

“We’ve been forced to think more about the macro environment,” Galen says. “We don’t predict, but in doing our analysis around the world, we pick up a lot of data points and we share these, and together we can use this information for greater understanding of where the individual companies fit in.”

In addition, American Funds’ investment analysts have always been able to turn to Capital Strategy Research — an internal group of economists, accounting specialists and political analysts — for the top-down view of the world.

The process involves taking information from many sources. Carl likens it to solving a jigsaw puzzle. “In investment research, no one hands you a picture saying here’s what the puzzle looks like. In ordinary times, we have a puzzle dumped out of the box onto the ground, we all work together to turn the pieces over as quickly as we can, then we start putting together the picture,” Carl says. “Last year, it was all different — as if someone took the pieces and set them on fire.” He’s joking, of course, but it underscores the point that at a time of unprecedented crisis, the analysts needed to respond quickly and adapt to new challenges.

[photo from above of people walking with umbrellas through a white-striped cross walk]

Another new dimension to American Funds research is the degree to which the equity analysts and the fixed-income analysts work together. The central role that credit and leverage are playing in the crisis, combined with the fact that leverage tends to amplify mistakes companies can make in down markets, made it more important than ever to understand a company’s debt as well as its equity value.

“We have always had open lines of communication with our bond analysts, but we quickly began to coordinate even more,” Leo says. “We ramped this up when we saw the interwoven implications of the crisis in credit markets for equity and fixed income. We have been able to marry the two areas regarding a company’s risk profile and capital structure. Given what’s happened in financial markets, it was imperative to understand how the credit conditions would affect equity shareholders.”

Plus ça change . . .

In the end, these are extraordinary times that prompt evaluation of what we are doing right and what no longer works. Some of the popular metrics, like relative price-to-earnings ratios, have become less relevant because such measures are only as strong as their correlation to others in the market. A greater use of scenario planning — pushing the boundaries of analysis to encompass unusual events — is also a part of the new landscape. Asking the questions, for example, ‘What would happen if a company was not able to recapitalize its debt structure? What is the likelihood that demand for a product could decrease to unsustainable levels?’

The beauty of our investment process is its ability to innovate in small ways while maintaining the integrity of long-term thinking and diligent investigations. “The fundamental way we do research is not any different now than when company founder Jonathan Bell Lovelace packed up his car in the 1930s and went out to visit companies. That’s our history: visiting companies and studying their financials. And that’s what we will continue to do,” says portfolio counselor Andrew Suzman.

“It’s demonstrated that there is no perfection in any system. All of our hard work and best intentions unfortunately don’t spare us the indignity of suffering through difficult periods,” Andrew adds. “But if we stick to our methods and remain disciplined, then over time we should find that we have produced consistent returns for our shareholders.” n

[Begin Sidebar]

[night photo of a people walking through in a city center]

A wealth of experience

Of the 32 research analysts directly involved with EuroPacific, 20 have more than a decade of experience; 11 have been in the business for 15 years or more. In many cases, analysts live in the regions they cover and reap the rewards of proximity. They speak the language, understand the regulatory environments and are familiar with business cultures and their protocols. That’s particularly beneficial for an international fund.

Number of EuroPacific analysts			32
Average years of experience			13
Languages spoken			17
Countries of origin			15

[End Sidebar]

Other share class results

Classes B, C, F and 529

Fund results shown are for past periods and are not predictive of results for future periods. Current and future results may be lower or higher than those shown. Share prices and returns will vary, so investors may lose money. For current information and month-end results, visit americanfunds.com.

Average annual total returns for periods ended

March 31, 2009:

1 year

5 years

Life of class

Class B shares1 — first sold 3/15/00

Reflecting applicable contingent deferred sales

charge (CDSC), maximum of 5%, payable only

if shares are sold within six years of purchase

–43.75

0.44

–1.29

Not reflecting CDSC

–40.98

0.75

–1.29

Class C shares — first sold 3/15/01

Reflecting CDSC, maximum of 1%, payable only

if shares are sold within one year of purchase

–41.55

0.68

1.99

Not reflecting CDSC

–41.00

0.68

1.99

Class F-1 shares2 — first sold 3/15/01

Not reflecting annual asset-based fee charged

by sponsoring firm

–40.55

1.47

2.80

Class F-2 shares2 — first sold 8/1/08

Not reflecting annual asset-based fee charged

by sponsoring firm

—

–36.26

Class 529-A shares4 — first sold 2/15/02

Reflecting 5.75% maximum sales charge

–43.97

0.27

3.54

Not reflecting maximum sales charge

–40.54

1.46

4.41

Class 529-B shares1,4 — first sold 2/19/02

Reflecting applicable CDSC, maximum of 5%, payable

only if shares are sold within six years of purchase

–43.79

0.29

3.79

Not reflecting CDSC

–41.03

0.60

3.79

Class 529-C shares4 — first sold 2/15/02

Reflecting CDSC, maximum of 1%, payable only

if shares are sold within one year of purchase

–41.60

0.60

3.52

Not reflecting CDSC

–41.05

0.60

3.52

Class 529-E shares2,4 — first sold 3/7/02

–40.73

1.13

3.34

Class 529-F-1 shares2,4 — first sold 9/16/02

Not reflecting annual asset-based fee charged

by sponsoring firm

–40.44

1.58

7.11

1These shares are no longer available for purchase.

2These shares are sold without any initial or contingent deferred sales charge.

3Results are cumulative total returns; they are not annualized.

4Results shown do not reflect the $10 account setup fee and an annual $10 account maintenance fee.

For information regarding the differences among the various share classes, please refer to the fund’s prospectus.

Summary investment portfolio, March 31, 2009

The following summary investment portfolio is designed to streamline the report and help investors better focus on a fund’s principal holdings. For details on how to obtain a complete schedule of portfolio holdings, please see the inside back cover.

[begin pie chart]

Industry sector diversification (percent of net assets)

Health care	13.78	%
Telecommunication services	11.27
Financials	10.91
Consumer staples	9.30
Information technology	8.47
Other industries	33.22
Bonds & notes	0.72
Preferred stocks	0.25
Rights	0.03
Short-term securities & other assets less liabilities	12.05

[end pie chart]

Country diversification (percent of net assets)

Euro zone*	30.0	%
Switzerland	8.3
United Kingdom	8.3
Japan	7.8
Mexico	3.2
China	3.0
India	2.8
Brazil	2.7
Canada	2.4
Denmark	2.4
Taiwan	2.4
Russia	2.1
Other countries	12.5
Short-term securities & other assets less liabilities	12.1
	100.0

* Countries using the euro as a common currency; those represented in the fund's portfolio are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Portugal and Spain.

							Percent
				Value			of net
Common stocks - 86.95%	Shares				(000	)	assets

Health care - 13.78%
Roche Holding AG (1)		15,627,068			2,141,935			3.37
A world leader in pharmaceuticals and diagnostic research.
Bayer AG, non-registered shares (1)		36,180,750			1,730,810			2.73
Makes pharmaceuticals and over-the-counter medicines, and develops medical diagnostic equipment.
Novo Nordisk A/S, Class B (1)		26,376,817			1,264,059			1.99
A global leader in drugs to treat diabetes.
Teva Pharmaceutical Industries Ltd. (ADR)		23,429,100			1,055,481			1.66
The leading drug company in Israel, and one of the largest generic drug companies in the U.S.
Novartis AG (1)		27,562,743			1,038,589			1.64
One of the world's largest pharmaceutical companies.
UCB SA (1) (2)		10,179,479			299,819			.47
Produces chemicals and pharmaceuticals through its global operations.
Other securities					1,217,184			1.92
					8,747,877			13.78

Telecommunication services - 11.27%
América Móvil, SAB de CV, Series L (ADR)		54,323,700			1,471,086
América Móvil, SAB de CV, Series L		31,090,000			42,407			2.38
Latin America's largest cellular communications provider.
Telefónica, SA (1)		49,110,000			979,423			1.54
One of the premier providers of fixed and mobile telephone and Internet services in Spain and Latin America.
Koninklijke KPN NV (1)		61,614,900			822,816			1.30
Global telecommunication services provider based in the Netherlands.
MTN Group Ltd. (1)		36,851,500			410,731			.65
Major South African-based telecommunications provider serving Africa and the Middle East.
China Mobile Ltd. (1)		46,400,000			403,952			.64
The leading provider of cellular telecommunications services in China.
Bharti Airtel Ltd. (1) (3)		31,832,491			395,770			.62
India's leading telecommunication services provider.
NTT DoCoMo, Inc. (1)		214,506			292,777			.46
Japan-based provider of wireless telecommunications and mobile Internet services.
Other securities					2,332,784			3.68
					7,151,746			11.27

Financials - 10.91%
Banco Santander, SA (1)		96,780,756			664,480			1.05
A leading Spanish bank, with a strong franchise in Latin America and the U.K.
Housing Development Finance Corp. Ltd. (1) (2)		15,436,346			434,090			.68
Offers home loans and other financial services through a network of offices in India.
AXA SA (1)		29,824,649			361,620			.57
Ranks among the world's largest insurance and financial services companies.
Prudential PLC (1)		70,971,091			341,472			.54
A leading life insurance and pension provider. Has significant operations in the U.S. and the U.K. and is growing in the Asia-Pacific region.
Deutsche Bank AG (1)		8,008,504			325,282			.51
Provides corporate banking, investment banking and worldwide asset management.
Other securities					4,799,801			7.56
					6,926,745			10.91

Consumer staples - 9.30%
Anheuser-Busch InBev NV (1)		39,768,464			1,096,571			1.73
One of the world's largest brewers.
Nestlé SA (1)		31,428,000			1,062,049			1.67
Global packaged food and beverage company based in Switzerland.
Tesco PLC (1)		106,932,773			511,011			.80
Major international retailer based in the United Kingdom.
British American Tobacco PLC (1)		20,599,999			476,280			.75
The world's second-largest tobacco company.
Groupe Danone SA (1)		7,517,263			366,416			.58
One of the world's largest food manufacturers and a leader in dairy products, bottled water and biscuits.
L'Oréal SA (1)		5,125,800			352,955			.56
One of the world's largest makers of beauty products. In addition to L'Oreal, its brands include Maybelline and Lancome.
Other securities					2,040,432			3.21
					5,905,714			9.30

Information technology - 8.47%
SAP AG (1)		21,780,795			772,384
SAP AG (ADR)		4,812,500			169,833			1.48
A leading developer of software for business applications. Also provides information technology services.
Samsung Electronics Co., Ltd. (1)		1,962,259			816,902
Samsung Electronics Co., Ltd., nonvoting preferred (1)		48,800			11,312			1.30
Korea's top electronics manufacturer and a global leader in semiconductor production.
Taiwan Semiconductor Manufacturing Co. Ltd. (1)		364,260,260			554,858
Taiwan Semiconductor Manufacturing Co. Ltd. (ADR)		5,793,756			51,854			.96
One of the world's largest semiconductor manufacturers.
HOYA CORP. (1) (2)		26,989,700			534,447			.84
A large manufacturer of specialty glass and crystal used in electronics and vision care.
HTC Corp. (1) (2)		38,751,100			479,907			.76
Manufactures mobile computing and communications devices.
Murata Manufacturing Co., Ltd. (1)		9,068,800			350,742			.55
A major world supplier of passive electronic components used in data processing, consumer electronics and telecommunications.
Canon, Inc. (1)		10,912,900			318,438			.50
One of the world's premier manufacturers of cameras, copiers, printers and optical equipment.
Other securities					1,318,430			2.08
					5,379,107			8.47

Consumer discretionary - 8.26%
Honda Motor Co., Ltd. (1)		25,502,250			610,399			.96
Develops, manufactures and sells automobiles, motorcycles and power equipment globally.
Industria de Diseño Textil, SA (1)		12,714,674			493,840			.78
Designs and retails up-to-the-minute clothing. Most of its shops are in Europe.
Toyota Motor Corp. (1)		15,238,300			488,908			.77
One of the world's largest automotive manufacturers.
British Sky Broadcasting Group PLC (1)		62,627,805			388,163			.61
The top pay-TV provider in the U.K.
Other securities					3,261,424			5.14
					5,242,734			8.26

Energy - 7.64%
Petróleo Brasileiro SA - Petrobras, ordinary nominative (ADR)		22,151,340			674,951
Petróleo Brasileiro SA - Petrobras, preferred nominative (ADR)		8,075,860			197,859			1.38
One of the world's largest oil companies. Engaged in exploration, production, refining, marketing and chemicals.
OAO Gazprom (ADR) (1)		58,448,000			858,640			1.35
The largest gas producer and transporter in Russia.
TOTAL SA (1)		10,324,500			511,320			.81
One of the world's leading integrated oil and gas companies.
Reliance Industries Ltd. (1)		16,130,000			483,799			.76
Manufactures a wide range of synthetic textiles, petrochemicals and plastics. Also involved in oil exploration and production, and electricity generation and distribution.
China National Offshore Oil Corp. (1)		325,141,100			322,388			.51
Explores for and produces offshore oil and gas. Among China's largest oil producers.
Other securities					1,798,753			2.83
					4,847,710			7.64

Materials - 6.45%
Xstrata PLC (1)		65,928,105			439,223			.69
A global diversified metals and mining group.
Linde AG (1)		5,998,100			406,998			.64
Major industrial gas company headquartered in Germany.
Syngenta AG (1)		1,517,315			304,528			.48
One of the world's largest agrochemical companies. Develops seeds and crop protection products.
Other securities					2,943,238			4.64
					4,093,987			6.45

Industrials - 5.38%
Ryanair Holdings PLC (ADR) (2) (3)		19,373,900			447,731			.71
An airline service provider serving routes between Ireland, the United Kingdom, Continental Europe and Morocco.
Schneider Electric SA (1)		4,942,312			327,669			.52
An international supplier of industrial electrical equipment and industrial automation equipment.
Siemens AG (1)		5,363,400			306,707			.48
A major worldwide producer of electrical and electronic equipment used in industrial and professional applications.
Other securities					2,333,010			3.67
					3,415,117			5.38

Utilities - 4.00%
GDF Suez (1)		16,513,512			566,959			.89
Major natural gas and electricity company based in France.
RWE AG (1)		5,590,500			392,481			.62
Provides electricity, gas and water services to homes and businesses in the U.S. and Europe.
Hongkong Electric Holdings Ltd. (1)		54,480,000			323,379			.51
Its subsidiaries include a Hong Kong electric utility, an engineering consulting company and an international investment firm.
Other securities					1,255,836			1.98
					2,538,655			4.00

MISCELLANEOUS - 1.49%
Other common stocks in initial period of acquisition					949,277			1.49

Total common stocks (cost: $66,734,479,000)					55,198,669			86.95


							Percent
				Value			of net
Preferred stocks - 0.25%					(000	)	assets


Financials - 0.25%
Other securities					162,029			.25

Total preferred stocks (cost: $230,555,000)					162,029			.25


							Percent
				Value			of net
Rights - 0.03%					(000	)	assets

MISCELLANEOUS - 0.03%
Other rights in initial period of acquisition					16,103			.03

Total rights (cost: $0)					16,103			.03


	Principal						Percent
	amount			Value			of net
Bonds & notes - 0.72%		(000	)		(000	)	assets

Other - 0.72%
Gazprom International SA 7.201% 2020 (4)		22,819			20,366
Open Joint Stock Co. Gazprom, Series 2, 8.625% 2034		5,875			5,229
Gaz Capital SA 7.288%-8.146% 2013-2037		43,480			34,875			.10
Other securities					396,411			.62

Total bonds & notes (cost: $420,833,000)					456,881			.72


	Principal						Percent
	amount			Value			of net
Short-term securities - 12.01%		(000	)		(000	)	assets

Freddie Mac 0.20%-1.80% due 4/1/2009-2/3/2010		1,911,575			1,909,221			3.01
U.S. Treasury Bills 0.095%-0.416% due 4/2-10/1/2009		1,326,450			1,325,247			2.09
Fannie Mae 0.44%-2.20% due 4/1-11/16/2009		930,500			929,487			1.46
Federal Home Loan Bank 0.26%-0.75% due 4/9/2009-1/8/2010		725,800			724,208			1.14
International Bank for Reconstruction and Development 0.25%-0.50% due 4/14-9/22/2009		516,800			516,166			.81
Caisse d'Amortissement de la Dette Sociale 0.32%-0.74% due 4/6-7/13/2009		306,500			306,331			.48
Other securities					1,914,927			3.02

Total short-term securities (cost: $7,624,381,000)					7,625,587			12.01

Total investment securities (cost: $75,010,248,000)					63,459,269			99.96
Other assets less liabilities					25,178			.04

Net assets				$	63,484,447			100.00	%

"Miscellaneous" securities include holdings in their initial period of acquisition that have not previously been publicly disclosed.

"Other securities" includes all issues that are not disclosed separately in the summary investment portfolio. Some of these securities (with aggregate value of $1,219,080,000, which represented 1.92% of the net assets of the fund) may be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers.

Investments in affiliates

A company is considered to be an affiliate of the fund under the Investment Company Act of 1940 if the fund's holdings in that company represent 5% or more of the outstanding voting shares of that company. The fund's affiliated holdings listed below are either shown in the preceding summary investment portfolio or included in the value of "Other securities" under their respective industry sectors. Further details on these holdings and related transactions during the year ended March 31, 2009, appear below.

	Beginning shares		Additions		Reductions		Ending shares			Dividend income (000	)		Value of affiliates at 3/31/09 (000	)
HOYA CORP. (1)		21,136,800		5,852,900		-		26,989,700	$	12,325		$	534,447
HTC Corp. (1)		25,558,000		20,851,100		7,658,000		38,751,100		27,101			479,907
Ryanair Holdings PLC (ADR) (3)		19,373,900		-		-		19,373,900		-			447,731
Housing Development Finance Corp. Ltd. (1)		3,629,346		11,807,000		-		15,436,346		2,128			434,090
UCB SA (1)		11,908,290		-		1,728,811		10,179,479		14,538			299,819
Hirose Electric Co., Ltd. (1)		2,547,000		-		-		2,547,000		3,004			246,804
Qantas Airways Ltd. (1)		-		127,259,300		-		127,259,300		15,520			154,757
Techtronic Industries Co. Ltd. (1)		86,710,000		-		-		86,710,000		500			40,183
Acer Inc. (5)		136,488,101		1,471,428		137,959,529		-		9,299			-
Chuo Mitsui Trust Holdings, Inc. (5)		64,238,000		-		64,238,000		-		-			-
Continental AG (5)		8,280,790		698,000		8,978,790		-		21,978			-
Mondi PLC (5)		19,197,500		-		19,197,500		-		4,821			-
Nobel Biocare Holding AG (1) (5)		908,464		7,026,055		4,436,037		3,498,482		3,638			-
ProSiebenSAT.1 Media AG, nonvoting preferred (5)		7,110,000		-		7,110,000		-		11,675			-
Public Power Corp. SA (1) (5)		11,646,727		-		3,076,314		8,570,413		1,815			-
									$	128,342		$	2,637,738

The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.

(1) Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities, including those in "Miscellaneous" and "Other securities," was $47,836,884,000, which represented 75.35% of the net assets of the fund.
(2) Represents an affiliated company as defined under the Investment Company Act of 1940.
(3) Security did not produce income during the last 12 months.
(4) Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.
(5) Unaffiliated issuer at 3/31/2009.

Key to abbreviation
ADR = American Depositary Receipts

The descriptions of the companies shown in the summary investment portfolio are supplemental. These descriptions and the industry classifications were obtained from published reports and other sources believed to be reliable, and are not covered by the Report of Independent Registered Public Accounting Firm.

See Notes to Financial Statements

Financial statements

Statement of assets and liabilities
at March 31, 2009	(dollars in thousands)

Assets:
Investment securities, at value:
Unaffiliated issuers (cost: $71,639,807)	$	60,821,531
Affiliated issuers (cost: $3,370,441)		2,637,738	$	63,459,269
Cash denominated in currencies other than U.S. dollars (cost: $8,970)				8,970
Cash				210
Receivables for:
Sales of investments		85,238
Sales of fund's shares		172,487
Dividends and interest		227,509		485,234
				63,953,683
Liabilities:
Payables for:
Purchases of investments		284,424
Repurchases of fund's shares		134,768
Investment advisory services		22,479
Services provided by affiliates		23,996
Trustees' deferred compensation		2,258
Other		1,311		469,236
Net assets at March 31, 2009			$	63,484,447

Net assets consist of:
Capital paid in on shares of beneficial interest			$	87,452,689
Undistributed net investment income				166,473
Accumulated net realized loss				(12,582,024	)
Net unrealized depreciation				(11,552,691	)
Net assets at March 31, 2009			$	63,484,447

(dollars and shares in thousands, except per-share amounts)
Shares of beneficial interest issued and outstanding (no stated par value) - unlimited shares authorized (2,474,668 total shares outstanding)
	Net assets		Shares outstanding		Net asset value per share *
Class A	$	28,191,802		1,093,643	$	25.78
Class B		764,774		29,967		25.52
Class C		1,926,713		76,429		25.21
Class F-1		5,097,165		198,619		25.66
Class F-2		806,125		31,265		25.78
Class 529-A		497,544		19,446		25.59
Class 529-B		63,417		2,517		25.20
Class 529-C		191,273		7,607		25.14
Class 529-E		27,895		1,098		25.41
Class 529-F-1		33,078		1,294		25.57
Class R-1		142,736		5,707		25.01
Class R-2		783,955		31,191		25.13
Class R-3		4,139,288		163,287		25.35
Class R-4		7,289,871		287,290		25.37
Class R-5		13,528,811		525,308		25.75

(*) Maximum offering price and redemption price per share were equal to the net asset value per share for all share classes, except for Classes A and 529-A, for which the maximum offering prices per share were $27.35 and $27.15, respectively.

See Notes to Financial Statements

Statement of operations
for the year ended March 31, 2009	(dollars in thousands)

Investment income:
Income:
Dividends (net of non-U.S. taxes of $315,401; also includes $128,342 from affiliates)	$	2,610,703
Interest (net of non-U.S. taxes of $1)		228,563		$	2,839,266

Fees and expenses*:
Investment advisory services		381,546
Distribution services		231,926
Transfer agent services		56,525
Administrative services		59,549
Reports to shareholders		4,559
Registration statement and prospectus		4,407
Trustees' compensation		(860	)
Auditing and legal		255
Custodian		19,564
State and local taxes		1,221
Other		3,509
Total fees and expenses before waiver		762,201
Less investment advisory services waiver		31,282
Total fees and expenses after waiver					730,919
Net investment income					2,108,347

Net realized loss and unrealized depreciation on investments and currency:
Net realized (loss) gain on:
Investments (including $577,557 net loss from affiliates)		(12,513,749	)
Currency transactions		27,704			(12,486,045	)
Net unrealized (depreciation) appreciation on:
Investments		(36,394,457	)
Currency translations		3,266			(36,391,191	)
Net realized loss and unrealized depreciation on investments and currency					(48,877,236	)
Net decrease in net assets resulting
from operations				$	(46,768,889	)

(*) Additional information related to class-specific fees and expenses is included in the Notes to Financial Statements.

See Notes to Financial Statements



Statements of changes in net assets		(dollars in thousands)

	Year ended March 31
	2009			2008
Operations:
Net investment income	$	2,108,347		$	2,093,494
Net realized (loss) gain on investments and currency transactions		(12,486,045	)		9,586,162
Net unrealized depreciation on investments and currency translations		(36,391,191	)		(5,297,662	)
Net (decrease) increase in net assets resulting from operations		(46,768,889	)		6,381,994

Dividends and distributions paid to shareholders:
Dividends from net investment income		(1,815,409	)		(2,229,069	)
Distributions from net realized gain on investments		(3,253,052	)		(8,184,379	)
Total dividends and distributions paid to shareholders		(5,068,461	)		(10,413,448	)

Net capital share transactions		546,261			14,630,777

Total (decrease) increase in net assets		(51,291,089	)		10,599,323

Net assets:
Beginning of year		114,775,536			104,176,213
End of year (including undistributed and distributions in excess of
net investment income: $166,473 and $(54,078), respectively)	$	63,484,447		$	114,775,536


See Notes to Financial Statements

Notes to financial statements

1. Organization and significant accounting policies

Organization – EuroPacific Growth Fund (the "fund") is registered under the Investment Company Act of 1940 as an open-end, diversified management investment company. The fund seeks long-term capital appreciation by investing primarily in the securities of companies based in Europe and the Pacific Basin.

The fund has 15 share classes consisting of five retail share classes, five 529 college savings plan share classes and five retirement plan share classes. The 529 college savings plan share classes (529-A, 529-B, 529-C, 529-E and 529-F-1) can be used to save for college education. The five retirement plan share classes (R-1, R-2, R-3, R-4 and R-5) are generally offered only through eligible employer-sponsored retirement plans. The fund’s share classes are described below:

Share class	Initial sales charge	Contingent deferred sales charge upon redemption	Conversion feature
Classes A and 529-A	Up to 5.75%	None (except 1% for certain redemptions within one year of purchase without an initial sales charge)	None
Classes B and 529-B*	None	Declines from 5% to 0% for redemptions within six years of purchase	Classes B and 529-B convert to Classes A and 529-A, respectively, after eight years
Class C	None	1% for redemptions within one year of purchase	Class C converts to Class F-1 after 10 years
Class 529-C	None	1% for redemptions within one year of purchase	None
Class 529-E	None	None	None
Classes F-1, F-2 and 529-F-1	None	None	None
Classes R-1, R-2, R-3, R-4 and R-5	None	None	None

*Effective April 21, 2009, Classes B and 529-B will not be available for purchase.

On August 1, 2008, the fund made an additional retail share class (Class F-2) available for sale pursuant to an amendment to its registration statement filed with the Securities and Exchange Commission (“SEC”). In addition, Class F shares were renamed Class F-1 and Class 529-F shares were renamed Class 529-F-1. On May 1, 2009, the fund made an additional retirement plan share class (Class R-6) available for sale pursuant to an amendment to its registration statement filed with the SEC. Refer to the fund’s prospectus for more details.

Holders of all share classes have equal pro rata rights to assets, dividends and liquidation proceeds. Each share class has identical voting rights, except for the exclusive right to vote on matters affecting only its class. Share classes have different fees and expenses ("class-specific fees and expenses"), primarily due to different arrangements for distribution, administrative and shareholder services. Differences in class-specific fees and expenses will result in differences in net investment income and, therefore, the payment of different per-share dividends by each class.

Significant accounting policies – The financial statements have been prepared to comply with accounting principles generally accepted in the United States of America. These principles require management to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates. The following is a summary of the significant accounting policies followed by the fund:

Security valuation – Equity securities are valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market in which the security trades. Fixed-income securities, including short-term securities purchased with more than 60 days left to maturity, are valued at prices obtained from an independent pricing service when such prices are available. However, where the investment adviser deems it appropriate, such securities will be valued at the mean quoted bid and asked prices (or bid prices, if asked prices are not available) or at prices for securities of comparable maturity, quality and type. Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are valued in the manner described above for either equity or fixed-income securities, depending on which method is deemed most appropriate by the investment adviser. Short-term securities purchased within 60 days to maturity are valued at amortized cost, which approximates market value. The value of short-term securities originally purchased with maturities greater than 60 days is determined based on an amortized value to par when they reach 60 days or less remaining to maturity. Forward currency contracts are valued at the mean of representative quoted bid and asked prices.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the investment adviser are fair valued as determined in good faith under procedures adopted by authority of the fund's board of trustees. Market quotations may be considered unreliable if events occur that materially affect the value of securities (particularly securities outside the U.S.) between the close of trading in those securities and the close of regular trading on the New York Stock Exchange. Various factors may be reviewed in order to make a good faith determination of a security’s fair value. These factors include, but are not limited to, the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; conversion or exchange rights on the security; related corporate actions; significant events occurring after the close of trading in the security; and changes in overall market conditions.

Security transactions and related investment income – Security transactions are recorded by the fund as of the date the trades are executed with brokers. Realized gains and losses from security transactions are determined based on the specific identified cost of the securities. In the event a security is purchased with a delayed payment date, the fund will segregate liquid assets sufficient to meet its payment obligations. Dividend income is recognized on the ex-dividend date and interest income is recognized on an accrual basis. Market discounts, premiums and original issue discounts on fixed-income securities are amortized daily over the expected life of the security.

Class allocations – Income, fees and expenses (other than class-specific fees and expenses) and realized and unrealized gains and losses are allocated daily among the various share classes based on their relative net assets. Class-specific fees and expenses, such as distribution, administrative and shareholder services, are charged directly to the respective share class.

Dividends and distributions to shareholders – Dividends and distributions paid to shareholders are recorded on the ex-dividend date.

Currency translation – Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investment securities and income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. On the accompanying financial statements, the effects of changes in exchange rates on investment securities are included with the net realized gain or loss and net unrealized appreciation or depreciation on investments. The realized gain or loss and unrealized appreciation or depreciation resulting from all other transactions denominated in currencies other than U.S. dollars are disclosed separately.

Forward currency contracts – The fund may enter into forward currency contracts, which represent agreements to exchange currencies on specific future dates at predetermined rates. The fund enters into these contracts to manage its exposure to changes in exchange rates. Upon entering into these contracts, risks may arise from the potential inability of counterparties to meet the terms of their contracts and from possible movements in exchange rates. On a daily basis, the fund values forward currency contracts based on the applicable exchange rates and records unrealized gains or losses. The fund records realized gains or losses at the time the forward contract is closed or offset by another contract with the same broker for the same settlement date and currency. Closed forward currency contracts that have not reached their expiration date are included in the respective receivables for sales or payables for purchases of investment securities in the statement of assets and liabilities.

2. Risk factors

Investing in the fund may involve certain risks including, but not limited to, those described below.

The prices of securities held by the fund may decline in response to certain events taking place around the world, including those directly involving the companies whose securities are owned by the fund; conditions affecting the general economy; overall market changes; local, regional or global political, social or economic instability; and currency, interest rate and commodity price fluctuations. The growth-oriented, equity-type securities generally purchased by the fund may involve large price swings and potential for loss.

Investments in securities issued by entities based outside the U.S. may also be affected by currency controls; different accounting, auditing, financial reporting, and legal standards and practices in some countries; expropriation; changes in tax policy; greater market volatility; differing securities market structures; higher transaction costs; and various administrative difficulties, such as delays in clearing and settling portfolio transactions or in receiving payment of dividends. These risks may be heightened in connection with investments in developing countries. Investments in securities issued by entities domiciled in the U.S. may also be subject to many of these risks.

3. Taxation and distributions

Federal income taxation – The fund complies with the requirements under Subchapter M of the Internal Revenue Code applicable to mutual funds and intends to distribute substantially all of its net taxable income and net capital gains each year. The fund is not subject to income taxes to the extent such distributions are made. Therefore, no federal income tax provision is required.

As of and during the period ended March 31, 2009, the fund did not have a liability for any unrecognized tax benefits. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the statement of operations. During the period, the fund did not incur any interest or penalties.

The fund is not subject to examination by U.S. federal tax authorities for tax years before 2005, by state tax authorities for tax years before 2004 and by tax authorities outside the U.S. for tax years before 2001.

Non-U.S. taxation – Dividend and interest income is recorded net of non-U.S. taxes paid. Gains realized by the fund on the sale of securities in certain countries are subject to non-U.S. taxes. The fund records a liability based on unrealized gains to provide for potential non-U.S. taxes payable upon the sale of these securities.

Distributions – Distributions paid to shareholders are based on net investment income and net realized gains determined on a tax basis, which may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to differing treatment for items such as currency gains and losses; short-term capital gains and losses; capital losses related to sales of certain securities within 30 days of purchase; unrealized appreciation of certain investments in securities outside the U.S.; deferred expenses; net capital losses; and income on certain investments. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes. The fund may also designate a portion of the amount paid to redeeming shareholders as a distribution for tax purposes.

During the year ended March 31, 2009, the fund reclassified $55,616,000 from accumulated net realized loss to undistributed net investment income and $128,003,000 from undistributed net investment income to capital paid in on shares of beneficial interest to align financial reporting with tax reporting.

As of March 31, 2009, the tax basis components of distributable earnings, unrealized appreciation (depreciation) and cost of investment securities were as follows:

(dollars in thousands)
Undistributed ordinary income	$	208,481
Capital loss carryforward expiring in 2017*		(4,409,277	)
Post-October capital loss deferrals (realized during the period November 1, 2008, through March 31, 2009)†		(7,980,201	)
Gross unrealized appreciation on investment securities		5,438,272
Gross unrealized depreciation on investment securities		(17,228,593	)
Net unrealized depreciation on investment securities		(11,790,321	)
Cost of investment securities		75,249,590
*The capital loss carryforwards will be used to offset any capital gains realized by the fund in future years through the expiration date. The fund will not make distributions from capital gains while a capital loss carryforward remains.
†These deferrals are considered incurred in the subsequent year.

The tax character of distributions paid to shareholders was as follows (dollars in thousands):

	Year ended March 31, 2009						Year ended March 31, 2008
Share class	Ordinary income		Long-term capital gains		Total distributions paid		Ordinary income		Long-term capital gains		Total distributions paid

Class A	$	839,399	$	1,498,388	$	2,337,787	$	1,167,078	$	4,213,545	$	5,380,623
Class B		12,697		43,006		55,703		23,244		131,749		154,993
Class C		32,384		107,659		140,043		52,409		299,432		351,841
Class F-1		149,238		270,367		419,605		195,993		709,861		905,854
Class F-2*		17,616		29,790		47,406		-		-		-
Class 529-A		14,222		25,098		39,320		14,493		52,632		67,125
Class 529-B		1,086		3,313		4,399		1,259		7,566		8,825
Class 529-C		3,327		9,999		13,326		3,746		21,866		25,612
Class 529-E		674		1,410		2,084		720		3,077		3,797
Class 529-F-1		1,029		1,653		2,682		1,021		3,411		4,432
Class R-1		2,511		6,888		9,399		2,306		12,678		14,984
Class R-2		13,440		40,158		53,598		16,094		92,884		108,978
Class R-3		98,652		208,012		306,664		127,609		542,968		670,577
Class R-4		204,977		360,608		565,585		205,109		753,852		958,961
Class R-5		424,157		646,703		1,070,860		417,988		1,338,858		1,756,846
Total	$	1,815,409	$	3,253,052	$	5,068,461	$	2,229,069	$	8,184,379	$	10,413,448


*Class F-2 was offered beginning August 1, 2008.

4. Fees and transactions with related parties

Capital Research and Management Company ("CRMC"), the fund’s investment adviser, is the parent company of American Funds Service Company® ("AFS"), the fund’s transfer agent, and American Funds Distributors,® Inc. ("AFD"), the principal underwriter of the fund’s shares.

Investment advisory services - The Investment Advisory and Service Agreement with CRMC provides for monthly fees accrued daily. These fees are based on a declining series of annual rates beginning with 0.690% on the first $500 million of daily net assets and decreasing to 0.397% on such assets in excess of $115 billion. CRMC waived a portion of its investment advisory services fee commencing on September 1, 2004, and terminating on December 31, 2008. During the year ended March 31, 2009, total investment advisory services fees waived by CRMC were $31,282,000. As a result, the fee shown on the accompanying financial statements of $381,546,000, which was equivalent to an annualized rate of 0.426%, was reduced to $350,264,000, or 0.391% of average daily net assets.

Class-specific fees and expenses – Expenses that are specific to individual share classes are accrued directly to the respective share class. The principal class-specific fees and expenses are described below:

Distribution services – The fund has adopted plans of distribution for all share classes, except Classes F-2 and R-5. Under the plans, the board of trustees approves certain categories of expenses that are used to finance activities primarily intended to sell fund shares and service existing accounts. The plans provide for payments, based on an annualized percentage of average daily net assets, ranging from 0.25% to 1.00% as noted on the following page. In some cases, the board of trustees has limited the amounts that may be paid to less than the maximum allowed by the plans. All share classes, except Classes F-2 and R-5, may use up to 0.25% of average daily net assets to pay service fees, or to compensate AFD for paying service fees, to firms that have entered into agreements with AFD to provide certain shareholder services. The remaining amounts available to be paid under each plan are paid to dealers to compensate them for their sales activities.

For Classes A and 529-A, the board of trustees has also approved the reimbursement of dealer and wholesaler commissions paid by AFD for certain shares sold without a sales charge. These classes reimburse AFD for amounts billed within the prior 15 months but only to the extent that the overall annual expense limit of 0.25% is not exceeded. As of March 31, 2009, there were no unreimbursed expenses subject to reimbursement for Classes A or 529-A.

Share class	Currently approved limits	Plan limits
Class A	0.25%	0.25%
Class 529-A	0.25	0.50
Classes B and 529-B	1.00	1.00
Classes C, 529-C and R-1	1.00	1.00
Class R-2	0.75	1.00
Classes 529-E and R-3	0.50	0.75
Classes F-1, 529-F-1 and R-4	0.25	0.50

Transfer agent services – The fund has a transfer agent agreement with AFS for Classes A and B. Under this agreement, these share classes compensate AFS for transfer agent services including shareholder recordkeeping, communications and transaction processing. AFS is also compensated for certain transfer agent services provided to all other share classes from the administrative services fees paid to CRMC described below.

Administrative services – The fund has an administrative services agreement with CRMC to provide transfer agent and other related shareholder services for all share classes other than Classes A and B. Each relevant share class pays CRMC annual fees up to 0.15% (0.10% for Class R-5) based on its respective average daily net assets. Each relevant share class also pays AFS additional amounts for certain transfer agent services. CRMC and AFS may use these fees to compensate third parties for performing these services. Each 529 share class is subject to an additional administrative services fee payable to the Commonwealth of Virginia for the maintenance of the 529 college savings plan. The quarterly fee is based on a declining series of annual rates beginning with 0.10% on the first $30 billion of the net assets invested in Class 529 shares of the American Funds and decreasing to 0.06% on such assets between $120 billion and $150 billion. The fee for any given calendar quarter is accrued and calculated on the basis of the average net assets of Class 529 shares of the American Funds for the last month of the prior calendar quarter. Although these amounts are included with administrative services fees on the accompanying financial statements, the Commonwealth of Virginia is not considered a related party.

Expenses under the agreements described above for the year ended March 31, 2009, were as follows (dollars in thousands):

Share class	Distribution services	Transfer agent services	Administrative services
Share class	Distribution services	Transfer agent services	CRMC administrative services	Transfer agent services	Commonwealth of Virginia administrative services
Class A	$103,249	$55,147	Not applicable	Not applicable	Not applicable
Class B	12,554	1,378	Not applicable	Not applicable	Not applicable
Class C	30,545	Included in administrative services	$4,104	$578	Not applicable
Class F-1	19,741		10,172	904	Not applicable
Class F-2*	Not applicable		473	30	Not applicable
Class 529-A	1,257		604	89	$652
Class 529-B	854		79	28	85
Class 529-C	2,564		238	70	257
Class 529-E	183		34	5	37
Class 529-F-1	-		39	6	43
Class R-1	1,773		209	56	Not applicable
Class R-2	7,793		1,560	3,323	Not applicable
Class R-3	28,733		7,014	1,940	Not applicable
Class R-4	22,680		13,314	174	Not applicable
Class R-5	Not applicable		13,337	95	Not applicable
Total	$231,926	$56,525	$51,177	$7,298	$1,074

*Class F-2 was offered beginning August 1, 2008.

Trustees’ deferred compensation – Since the adoption of the deferred compensation plan in 1993, trustees who are unaffiliated with CRMC may elect to defer the cash payment of part or all of their compensation. These deferred amounts, which remain as liabilities of the fund, are treated as if invested in shares of the fund or other American Funds. These amounts represent general, unsecured liabilities of the fund and vary according to the total returns of the selected funds. Trustees’ compensation of $(860,000), shown on the accompanying financial statements, includes $415,000 in current fees (either paid in cash or deferred) and a net decrease of $1,275,000 in the value of the deferred amounts.

Affiliated officers and trustees – Officers and certain trustees of the fund are or may be considered to be affiliated with CRMC, AFS and AFD. No affiliated officers or trustees received any compensation directly from the fund.

5. Disclosure of fair value measurements

The fund adopted the Statement of Financial Accounting Standards No. 157 (“FAS 157”), Fair Value Measurements, on April 1, 2008. FAS 157 requires the fund to classify its assets and liabilities into three levels based on the method used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Level 3 values are based on significant unobservable inputs that reflect the fund’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are generally high-quality and liquid; however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The following table presents the fund’s valuation levels as of March 31, 2009 (dollars in thousands):

Investment securities
Level 1 – Quoted prices	$	7,399,119
Level 2 – Other significant observable inputs		56,012,895	*
Level 3 – Significant unobservable inputs		47,255
Total	$	63,459,269

*Includes certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading; therefore, $47,682,064,000 of investment securities were classified as Level 2 instead of Level 1.

The following table reconciles the valuation of the fund’s Level 3 investment securities and related transactions during the year ended March 31, 2009 (dollars in thousands):

	Level 3 investment securities
Beginning value at 4/1/2008	$	-
Net sales		(22,221	)
Net realized loss†		(58,318	)
Net unrealized appreciation†		40,483
Net transfers into Level 3		87,311
Ending value at 3/31/2009	$	47,255

Net unrealized appreciation during the period on Level 3 investment securities held at 3/31/2009†

9,362

†Net realized loss and net unrealized appreciation are included in the related amounts on investments in the statement of operations.

6. Capital share transactions

Capital share transactions in the fund were as follows (dollars and shares in thousands):

Share class	Sales(*)				Reinvestments of dividends and distributions				Repurchases(*)						Net (decrease) increase
	Amount		Shares		Amount		Shares		Amount			Shares			Amount			Shares
Year ended March 31, 2009
Class A	$	5,512,120		152,504	$	2,228,985		82,524	$	(12,335,632	)		(368,178	)	$	(4,594,527	)		(133,150	)
Class B		119,052		3,157		53,779		2,007		(470,214	)		(13,667	)		(297,383	)		(8,503	)
Class C		418,358		11,281		134,244		5,072		(945,447	)		(29,605	)		(392,845	)		(13,252	)
Class F-1		3,099,787		85,692		367,327		13,660		(3,997,425	)		(122,276	)		(530,311	)		(22,924	)
Class F-2†		1,334,657		42,777		32,368		1,199		(346,233	)		(12,711	)		1,020,792			31,265
Class 529-A		122,309		3,338		39,278		1,465		(73,674	)		(2,324	)		87,913			2,479
Class 529-B		10,270		287		4,398		166		(8,634	)		(274	)		6,034			179
Class 529-C		49,756		1,390		13,323		504		(38,798	)		(1,224	)		24,281			670
Class 529-E		6,980		201		2,083		78		(4,727	)		(150	)		4,336			129
Class 529-F-1		10,691		299		2,680		100		(6,217	)		(197	)		7,154			202
Class R-1		97,696		2,669		9,316		355		(50,695	)		(1,509	)		56,317			1,515
Class R-2		398,000		11,679		53,544		2,028		(362,883	)		(10,918	)		88,661			2,789
Class R-3		2,123,255		60,014		306,427		11,529		(2,736,039	)		(74,167	)		(306,357	)		(2,624	)
Class R-4		4,277,350		123,309		565,339		21,262		(3,104,211	)		(94,894	)		1,738,478			49,677
Class R-5		6,561,360		180,483		1,065,226		39,511		(3,992,868	)		(115,763	)		3,633,718			104,231
Total net increase
(decrease)	$	24,141,641		679,080	$	4,878,317		181,460	$	(28,473,697	)		(847,857	)	$	546,261			12,683

Year ended March 31, 2008
Class A	$	8,974,111		175,762	$	5,084,576		97,312	$	(12,394,368	)		(244,286	)	$	1,664,319			28,788
Class B		228,910		4,560		148,566		2,879		(251,107	)		(5,087	)		126,369			2,352
Class C		865,400		17,372		336,601		6,593		(586,970	)		(11,971	)		615,031			11,994
Class F-1		3,195,982		63,620		795,906		15,300		(1,930,614	)		(38,373	)		2,061,274			40,547
Class 529-A		199,305		3,946		67,120		1,292		(44,306	)		(880	)		222,119			4,358
Class 529-B		17,676		356		8,824		173		(5,231	)		(106	)		21,269			423
Class 529-C		79,000		1,595		25,606		502		(22,495	)		(456	)		82,111			1,641
Class 529-E		10,012		200		3,797		73		(3,122	)		(63	)		10,687			210
Class 529-F-1		14,387		285		4,432		85		(5,218	)		(103	)		13,601			267
Class R-1		95,361		1,934		14,948		294		(47,160	)		(951	)		63,149			1,277
Class R-2		546,756		11,042		108,925		2,135		(398,814	)		(8,108	)		256,867			5,069
Class R-3		3,104,305		61,709		670,402		13,038		(2,757,473	)		(55,406	)		1,017,234			19,341
Class R-4		5,085,720		101,445		958,504		18,601		(3,262,932	)		(64,766	)		2,781,292			55,280
Class R-5		8,505,982		165,682		1,736,435		33,233		(4,546,962	)		(90,558	)		5,695,455			108,357
Total net increase
(decrease)	$	30,922,907		609,508	$	9,964,642		191,510	$	(26,256,772	)		(521,114	)	$	14,630,777			279,904


*Includes exchanges between share classes of the fund.
†Class F-2 was offered beginning August 1, 2008.

7. Investment transactions

The fund made purchases and sales of investment securities, excluding short-term securities and U.S. government obligations, if any, of $34,800,199,000 and $33,260,278,000, respectively, during the year ended March 31, 2009.

Financial highlights(1)

			(Loss) income from investment operations(2)								Dividends and distributions
	Net asset value, beginning of period		Net investment income		Net (losses) gains on securities (both realized and unrealized)			Total from investment operations			Dividends (from net investment income)			Distributions (from capital gains)			Total dividends and distributions			Net asset value, end of period		Total return(3) (4)			Net assets, end of period (in millions)		Ratio of expenses to average net assets before reimbursements /waivers			Ratio of expenses to average net assets after reimbursements /waivers(4)			Ratio of net income to average net assets(4)
Class A:
Year ended 3/31/2009	$	46.83	$	.88	$	(19.76	)	$	(18.88	)	$	(.78	)	$	(1.39	)	$	(2.17	)	$	25.78		(40.54	)%	$	28,192		.83	%		.80	%		2.40	%
Year ended 3/31/2008		47.92		.95		2.60			3.55			(1.01	)		(3.63	)		(4.64	)		46.83		6.40			57,445		.79			.74			1.87
Year ended 3/31/2007		44.20		.71		6.49			7.20			(.77	)		(2.71	)		(3.48	)		47.92		16.63			57,407		.79			.75			1.54
Year ended 3/31/2006		35.63		.62		9.99			10.61			(.72	)		(1.32	)		(2.04	)		44.20		30.25			50,209		.81			.76			1.58
Year ended 3/31/2005		32.26		.43		3.45			3.88			(.51	)		-			(.51	)		35.63		12.08			37,515		.83			.82			1.31
Class B:
Year ended 3/31/2009		46.14		.62		(19.44	)		(18.82	)		(.41	)		(1.39	)		(1.80	)		25.52		(40.98	)		765		1.57			1.54			1.70
Year ended 3/31/2008		47.31		.56		2.54			3.10			(.64	)		(3.63	)		(4.27	)		46.14		5.60			1,775		1.52			1.48			1.12
Year ended 3/31/2007		43.71		.35		6.42			6.77			(.46	)		(2.71	)		(3.17	)		47.31		15.78			1,709		1.54			1.50			.78
Year ended 3/31/2006		35.29		.32		9.88			10.20			(.46	)		(1.32	)		(1.78	)		43.71		29.32			1,394		1.55			1.51			.82
Year ended 3/31/2005		32.00		.18		3.41			3.59			(.30	)		-			(.30	)		35.29		11.24			954		1.58			1.56			.55
Class C:
Year ended 3/31/2009		45.64		.58		(19.20	)		(18.62	)		(.42	)		(1.39	)		(1.81	)		25.21		(41.00	)		1,927		1.62			1.58			1.63
Year ended 3/31/2008		46.85		.53		2.53			3.06			(.64	)		(3.63	)		(4.27	)		45.64		5.57			4,093		1.57			1.53			1.06
Year ended 3/31/2007		43.35		.31		6.35			6.66			(.45	)		(2.71	)		(3.16	)		46.85		15.65			3,640		1.62			1.58			.69
Year ended 3/31/2006		35.04		.27		9.82			10.09			(.46	)		(1.32	)		(1.78	)		43.35		29.21			2,697		1.64			1.60			.71
Year ended 3/31/2005		31.81		.14		3.40			3.54			(.31	)		-			(.31	)		35.04		11.16			1,546		1.67			1.65			.44
Class F-1:
Year ended 3/31/2009		46.62		.87		(19.68	)		(18.81	)		(.76	)		(1.39	)		(2.15	)		25.66		(40.55	)		5,097		.84			.81			2.38
Year ended 3/31/2008		47.73		.92		2.60			3.52			(1.00	)		(3.63	)		(4.63	)		46.62		6.38			10,328		.81			.77			1.81
Year ended 3/31/2007		44.05		.69		6.47			7.16			(.77	)		(2.71	)		(3.48	)		47.73		16.59			8,639		.82			.78			1.50
Year ended 3/31/2006		35.52		.59		9.97			10.56			(.71	)		(1.32	)		(2.03	)		44.05		30.22			6,686		.84			.80			1.50
Year ended 3/31/2005		32.18		.40		3.45			3.85			(.51	)		-			(.51	)		35.52		12.01			3,901		.90			.89			1.20
Class F-2:
Period from 8/1/2008 to 3/31/2009		43.75		.29		(16.05	)		(15.76	)		(.82	)		(1.39	)		(2.21	)		25.78		(36.26	)		806		.63	(5)		.61	(5)		1.59	(5)
Class 529-A:
Year ended 3/31/2009		46.53		.82		(19.59	)		(18.77	)		(.78	)		(1.39	)		(2.17	)		25.59		(40.54	)		497		.87			.83			2.30
Year ended 3/31/2008		47.66		.90		2.60			3.50			(1.00	)		(3.63	)		(4.63	)		46.53		6.34			789		.83			.79			1.78
Year ended 3/31/2007		44.00		.67		6.48			7.15			(.78	)		(2.71	)		(3.49	)		47.66		16.59			601		.83			.79			1.45
Year ended 3/31/2006		35.49		.58		9.97			10.55			(.72	)		(1.32	)		(2.04	)		44.00		30.21			387		.85			.80			1.47
Year ended 3/31/2005		32.15		.39		3.46			3.85			(.51	)		-			(.51	)		35.49		12.04			197		.91			.89			1.18
Class 529-B:
Year ended 3/31/2009		45.71		.53		(19.20	)		(18.67	)		(.45	)		(1.39	)		(1.84	)		25.20		(41.03	)		63		1.69			1.65			1.49
Year ended 3/31/2008		46.93		.48		2.53			3.01			(.60	)		(3.63	)		(4.23	)		45.71		5.47			107		1.66			1.61			.97
Year ended 3/31/2007		43.42		.28		6.37			6.65			(.43	)		(2.71	)		(3.14	)		46.93		15.60			90		1.67			1.63			.63
Year ended 3/31/2006		35.09		.25		9.82			10.07			(.42	)		(1.32	)		(1.74	)		43.42		29.10			64		1.71			1.67			.64
Year ended 3/31/2005		31.86		.10		3.40			3.50			(.27	)		-			(.27	)		35.09		11.01			39		1.80			1.79			.30
Class 529-C:
Year ended 3/31/2009		45.63		.53		(19.17	)		(18.64	)		(.46	)		(1.39	)		(1.85	)		25.14		(41.05	)		191		1.68			1.65			1.49
Year ended 3/31/2008		46.87		.48		2.53			3.01			(.62	)		(3.63	)		(4.25	)		45.63		5.47			317		1.65			1.61			.96
Year ended 3/31/2007		43.38		.28		6.37			6.65			(.45	)		(2.71	)		(3.16	)		46.87		15.62			248		1.67			1.63			.62
Year ended 3/31/2006		35.08		.24		9.83			10.07			(.45	)		(1.32	)		(1.77	)		43.38		29.11			164		1.70			1.66			.63
Year ended 3/31/2005		31.86		.10		3.40			3.50			(.28	)		-			(.28	)		35.08		11.02			88		1.79			1.78			.31
Class 529-E:
Year ended 3/31/2009		46.17		.71		(19.42	)		(18.71	)		(.66	)		(1.39	)		(2.05	)		25.41		(40.73	)		28		1.17			1.14			2.00
Year ended 3/31/2008		47.34		.74		2.57			3.31			(.85	)		(3.63	)		(4.48	)		46.17		6.00			45		1.14			1.10			1.47
Year ended 3/31/2007		43.75		.52		6.43			6.95			(.65	)		(2.71	)		(3.36	)		47.34		16.21			36		1.15			1.11			1.14
Year ended 3/31/2006		35.33		.45		9.91			10.36			(.62	)		(1.32	)		(1.94	)		43.75		29.77			24		1.18			1.13			1.13
Year ended 3/31/2005		32.04		.28		3.43			3.71			(.42	)		-			(.42	)		35.33		11.63			12		1.26			1.24			.84

Class 529-F-1:
Year ended 3/31/2009	$	46.54	$	.88	$	(19.60	)	$	(18.72	)	$	(.86	)	$	(1.39	)	$	(2.25	)	$	25.57		(40.44	)%	$	33		.67	%		.64	%		2.48	%
Year ended 3/31/2008		47.65		.99		2.62			3.61			(1.09	)		(3.63	)		(4.72	)		46.54		6.55			51		.64			.60			1.96
Year ended 3/31/2007		43.98		.74		6.49			7.23			(.85	)		(2.71	)		(3.56	)		47.65		16.79			39		.65			.61			1.61
Year ended 3/31/2006		35.45		.64		9.96			10.60			(.75	)		(1.32	)		(2.07	)		43.98		30.39			23		.70			.66			1.63
Year ended 3/31/2005		32.13		.36		3.44			3.80			(.48	)		-			(.48	)		35.45		11.89			12		1.01			.99			1.09
Class R-1:
Year ended 3/31/2009		45.45		.54		(19.09	)		(18.55	)		(.50	)		(1.39	)		(1.89	)		25.01		(41.01	)		143		1.61			1.57			1.55
Year ended 3/31/2008		46.71		.49		2.54			3.03			(.66	)		(3.63	)		(4.29	)		45.45		5.52			190		1.61			1.57			.99
Year ended 3/31/2007		43.29		.28		6.38			6.66			(.53	)		(2.71	)		(3.24	)		46.71		15.68			136		1.62			1.58			.61
Year ended 3/31/2006		35.04		.26		9.82			10.08			(.51	)		(1.32	)		(1.83	)		43.29		29.16			66		1.65			1.61			.66
Year ended 3/31/2005		31.89		.11		3.43			3.54			(.39	)		-			(.39	)		35.04		11.18			29		1.72			1.68			.34
Class R-2:
Year ended 3/31/2009		45.62		.53		(19.17	)		(18.64	)		(.46	)		(1.39	)		(1.85	)		25.13		(41.05	)		784		1.68			1.64			1.51
Year ended 3/31/2008		46.84		.50		2.54			3.04			(.63	)		(3.63	)		(4.26	)		45.62		5.51			1,296		1.61			1.57			1.01
Year ended 3/31/2007		43.36		.30		6.35			6.65			(.46	)		(2.71	)		(3.17	)		46.84		15.66			1,093		1.67			1.59			.66
Year ended 3/31/2006		35.07		.26		9.83			10.09			(.48	)		(1.32	)		(1.80	)		43.36		29.20			735		1.76			1.60			.68
Year ended 3/31/2005		31.86		.14		3.41			3.55			(.34	)		-			(.34	)		35.07		11.17			375		1.90			1.64			.42
Class R-3:
Year ended 3/31/2009		46.04		.77		(19.41	)		(18.64	)		(.66	)		(1.39	)		(2.05	)		25.35		(40.70	)		4,139		1.11			1.08			2.14
Year ended 3/31/2008		47.20		.78		2.54			3.32			(.85	)		(3.63	)		(4.48	)		46.04		6.05			7,639		1.11			1.07			1.55
Year ended 3/31/2007		43.64		.52		6.41			6.93			(.66	)		(2.71	)		(3.37	)		47.20		16.20			6,918		1.15			1.10			1.14
Year ended 3/31/2006		35.23		.46		9.89			10.35			(.62	)		(1.32	)		(1.94	)		43.64		29.85			4,336		1.15			1.11			1.18
Year ended 3/31/2005		31.96		.30		3.42			3.72			(.45	)		-			(.45	)		35.23		11.68			2,321		1.18			1.16			.89
Class R-4:
Year ended 3/31/2009		46.17		.81		(19.43	)		(18.62	)		(.79	)		(1.39	)		(2.18	)		25.37		(40.53	)		7,290		.85			.82			2.29
Year ended 3/31/2008		47.31		.88		2.60			3.48			(.99	)		(3.63	)		(4.62	)		46.17		6.32			10,970		.85			.81			1.75
Year ended 3/31/2007		43.69		.64		6.45			7.09			(.76	)		(2.71	)		(3.47	)		47.31		16.61			8,627		.87			.82			1.41
Year ended 3/31/2006		35.25		.57		9.91			10.48			(.72	)		(1.32	)		(2.04	)		43.69		30.20			5,352		.87			.83			1.45
Year ended 3/31/2005		31.95		.39		3.44			3.83			(.53	)		-			(.53	)		35.25		12.04			2,668		.90			.88			1.17
Class R-5:
Year ended 3/31/2009		46.86		.93		(19.74	)		(18.81	)		(.91	)		(1.39	)		(2.30	)		25.75		(40.37	)		13,529		.54			.51			2.60
Year ended 3/31/2008		47.94		1.05		2.63			3.68			(1.13	)		(3.63	)		(4.76	)		46.86		6.64			19,731		.55			.50			2.05
Year ended 3/31/2007		44.22		.78		6.53			7.31			(.88	)		(2.71	)		(3.59	)		47.94		16.91			14,993		.57			.52			1.70
Year ended 3/31/2006		35.64		.69		10.02			10.71			(.81	)		(1.32	)		(2.13	)		44.22		30.56			9,059		.58			.53			1.74
Year ended 3/31/2005		32.26		.50		3.47			3.97			(.59	)		-			(.59	)		35.64		12.38			4,507		.59			.58			1.51

	Year ended March 31
	2009			2008			2007			2006			2005

Portfolio turnover rate for all classes of shares		41	%		38	%		27	%		35	%		30	%

(1)Based on operations for the periods shown (unless otherwise noted) and, accordingly, may not be representative of a full year.

(2)Based on average shares outstanding.

(3)Total returns exclude any applicable sales charges, including contingent deferred sales charges.

(4)This column reflects the impact, if any, of certain reimbursements/waivers from CRMC. During the periods shown, CRMC reduced fees for investment advisory services. In addition, during some of the periods shown, CRMC paid a portion of the fund's transfer agent fees for certain retirement plan share classes.

(5)Annualized.

See Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Trustees of EuroPacific Growth Fund:

We have audited the accompanying statement of assets and liabilities, including the summary investment portfolio, of EuroPacific Growth Fund (the “Fund”), as of March 31, 2009, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the periods presented. These financial statements and financial highlights are the responsibility of the Fund’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2009, by correspondence with the custodian and brokers; where replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of EuroPacific Growth Fund as of March 31, 2009, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the periods presented, in conformity with accounting principles generally accepted in the United States of America.

Deloitte & Touche LLP

Costa Mesa, California

May 6, 2009

Expense example

unaudited

As a shareholder of the fund, you incur two types of costs: (1) transaction costs, such as initial sales charges on purchase payments and contingent deferred sales charges on redemptions (loads), and (2) ongoing costs, including management fees, distribution and service (12b-1) fees, and other expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (October 1, 2008, through March 31, 2009).

Actual expenses:

The first line of each share class in the table on the next page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled "Expenses paid during period" to estimate the expenses you paid on your account during this period.

Hypothetical example for comparison purposes:

The second line of each share class in the table on the next page provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio for the share class and an assumed rate of return of 5.00% per year before expenses, which is not the actual return of the share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the fund and other funds. To do so, compare this 5.00% hypothetical example with the 5.00% hypothetical examples that appear in the shareholder reports of the other funds.

Notes:

There are some account fees that are charged to certain types of accounts, such as individual retirement accounts and 529 college savings plan accounts (generally, a $10 fee is charged to set up the account and an additional $10 fee is charged to the account annually), that would increase the amount of expenses paid on your account. In addition, retirement plan participants may be subject to certain fees charged by the plan sponsor, and Class F-1, F-2 and 529-F-1 shareholders may be subject to fees charged by financial intermediaries, typically ranging from 0.75% to 1.50% of assets annually depending on services offered. You can estimate the impact of these fees by adding the amount of the fees to the total estimated expenses you paid on your account during the period as calculated above. In addition, your ending account value would be lower by the amount of these fees.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads). Therefore, the second line of each share class in the table is useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

	Beginning account value 10/1/2008		Ending account value 3/31/2009		Expenses paid during period*		Annualized expense ratio

Class A -- actual return	$	1,000.00	$	742.95	$	3.74		.86	%
Class A -- assumed 5% return		1,000.00		1,020.64		4.33		.86
Class B -- actual return		1,000.00		739.95		6.94		1.60
Class B -- assumed 5% return		1,000.00		1,016.95		8.05		1.60
Class C -- actual return		1,000.00		739.99		7.16		1.65
Class C -- assumed 5% return		1,000.00		1,016.70		8.30		1.65
Class F-1 -- actual return		1,000.00		742.78		3.69		.85
Class F-1 -- assumed 5% return		1,000.00		1,020.69		4.28		.85
Class F-2 -- actual return		1,000.00		743.68		2.61		.60
Class F-2 -- assumed 5% return		1,000.00		1,021.94		3.02		.60
Class 529-A -- actual return		1,000.00		742.85		3.82		.88
Class 529-A -- assumed 5% return		1,000.00		1,020.54		4.43		.88
Class 529-B -- actual return		1,000.00		739.90		7.42		1.71
Class 529-B -- assumed 5% return		1,000.00		1,016.40		8.60		1.71
Class 529-C -- actual return		1,000.00		739.62		7.37		1.70
Class 529-C -- assumed 5% return		1,000.00		1,016.45		8.55		1.70
Class 529-E -- actual return		1,000.00		741.54		5.17		1.19
Class 529-E -- assumed 5% return		1,000.00		1,019.00		5.99		1.19
Class 529-F-1 -- actual return		1,000.00		743.52		3.00		.69
Class 529-F-1 -- assumed 5% return		1,000.00		1,021.49		3.48		.69
Class R-1 -- actual return		1,000.00		739.85		7.03		1.62
Class R-1 -- assumed 5% return		1,000.00		1,016.85		8.15		1.62
Class R-2 -- actual return		1,000.00		739.40		7.59		1.75
Class R-2 -- assumed 5% return		1,000.00		1,016.21		8.80		1.75
Class R-3 -- actual return		1,000.00		741.87		4.99		1.15
Class R-3 -- assumed 5% return		1,000.00		1,019.20		5.79		1.15
Class R-4 -- actual return		1,000.00		743.08		3.65		.84
Class R-4 -- assumed 5% return		1,000.00		1,020.74		4.23		.84
Class R-5 -- actual return		1,000.00		743.97		2.35		.54
Class R-5 -- assumed 5% return		1,000.00		1,022.24		2.72		.54

*The “expenses paid during period” are equal to the “annualized expense ratio,” multiplied by the average account value over the period, multiplied by the number of days in the period (182), and divided by 365 (to reflect the one-half year period).

Tax information

unaudited

We are required to advise you within 60 days of the fund’s fiscal year-end regarding the federal tax status of certain distributions received by shareholders during such fiscal year. The fund hereby designates the following amounts for the fund’s fiscal year ended March 31, 2009:

Long-term capital gains	$	3,253,665,000
Foreign taxes	$ 0.13 per share
Foreign source income	$ 1.22 per share
Qualified dividend income		100	%
Corporate dividends received deduction	$	548,000
U.S. government income that may be exempt from state taxation	$	44,047,000

Individual shareholders should refer to their Form 1099 or other tax information, which will be mailed in January 2010, to determine the calendar year amounts to be included on their 2009 tax returns. Shareholders should consult their tax advisers.

Approval of Investment Advisory and Service Agreement

The fund’s board has approved the fund’s Investment Advisory and Service Agreement (the “agreement”) with Capital Research and Management Company (“CRMC”) for an additional one-year term through December 31, 2009. The board approved the agreement following the recommendation of the fund’s Governance and Contracts Committee (the “committee”), which is composed of all of the fund’s independent board members. The board and the committee determined that the fund’s advisory fee structure was fair and reasonable in relation to the services provided and that approving the agreement was in the best interests of the fund and its shareholders.

In reaching this decision, the board and the committee took into account information furnished to them throughout the year, as well as information prepared specifically in connection with their review of the agreement and were advised by their independent counsel. They considered the factors discussed below, among others, but did not identify any single issue or particular piece of information that, in isolation, was the controlling factor.

1. Nature, extent and quality of services

The board and the committee considered the depth and quality of CRMC’s investment management process, including its global research capabilities; the experience, capability and integrity of its senior management and other personnel; the low turnover rates of its key personnel; the overall financial strength and stability of its organization; and the ongoing evolution of CRMC’s organizational structure designed to maintain and strengthen these qualities. The board and the committee considered, among other things, the impact of current market conditions on the fund and CRMC. The board and the committee also considered the nature, extent and quality of administrative, compliance and shareholder services provided by CRMC to the fund under the agreement and other agreements, as well as the benefits to fund shareholders from investing in a fund that is part of a large family of funds. The board and the committee concluded that the nature, extent and quality of the services provided by CRMC have benefited and should continue to benefit the fund and its shareholders.

2. Investment results

The board and the committee considered the investment results of the fund in light of its objective of providing long-term growth of capital. They compared the fund’s total returns with those of other relevant funds (including the other funds that are the basis of the Lipper index for the category in which the fund is included) and market data such as relevant market indices, in each case as available at the time of the related meetings. In addition to the information reviewed by the board and the committee, this report, including the letter to shareholders and related disclosures, contains certain information about the fund’s investment results. The board and the committee concluded that the fund’s long-term results have been satisfactory and that CRMC’s record in managing the fund indicated that its continued management should benefit the fund and its shareholders.

3. Advisory fees and total expenses

The board and the committee compared the advisory fees and total expense levels of the fund to those of other relevant funds. They observed that the fund’s advisory fees and expenses remain significantly below those of most other relevant funds. The board and the committee also noted the breakpoint discounts in the fund’s advisory fee structure that reduce the level of fees charged by CRMC to the fund as fund assets increase. In addition, they reviewed information regarding the advisory fees paid by institutional clients of an affiliate of CRMC with investment mandates similar to those of the fund. They noted that, although the fees paid by those clients generally were lower than those paid by the fund, the differences appropriately reflected the significant investment, operational and regulatory differences between advising mutual funds and institutional clients. The board and the committee concluded that the fund’s cost structure was fair and reasonable in relation to the services provided, and that the shareholders receive reasonable value in return for the advisory fees and other amounts paid to CRMC by the fund.

4. Ancillary benefits

The board and the committee considered a variety of other benefits received by CRMC and its affiliates as a result of CRMC’s relationship with the fund and the other American Funds, including fees for administrative services provided to certain share classes; fees paid to CRMC’s affiliated transfer agent; sales charges and distribution fees received and retained by the fund’s principal underwriter, an affiliate of CRMC; and possible ancillary benefits to CRMC’s institutional management affiliates. The board and the committee reviewed CRMC’s portfolio trading practices, noting that while CRMC receives the benefit of research provided by broker-dealers executing portfolio transactions on behalf of the fund, it does not obtain third-party research or other services in return for allocating brokerage to such broker-dealers. The board and the committee took these ancillary benefits into account in evaluating the reasonableness of the advisory fees and other amounts paid to CRMC by the fund.

5. Adviser financial information

The board and the committee reviewed information regarding CRMC’s costs of providing services to the American Funds, including personnel, systems and resources of investment, compliance, trading, accounting and other administrative operations. They considered CRMC’s costs and willingness to invest in technology, infrastructure and staff to maintain and expand services and capabilities, respond to industry and regulatory developments and attract and retain qualified personnel. They noted information previously received regarding the compensation structure for CRMC’s investment professionals. The board and the committee also compared CRMC’s profitability to the reported results of several large, publicly held investment management companies. The board and the committee noted the competitiveness and cyclicality of both the mutual fund industry and the capital markets, and the importance in that environment of CRMC’s long-term profitability for maintaining its independence, company culture and management continuity. The board further considered the breakpoint discounts in the fund’s advisory fee structure and the impact of the termination of CRMC’s 10% advisory fee waiver effective December 31, 2008. The board and the committee concluded that the fund’s advisory fee structure reflected a reasonable sharing of benefits between CRMC and the fund’s shareholders.

Board of trustees and other officers

“Independent” trustees

	Year first
	elected
	a trustee
Name and age	of the fund1	Principal occupation(s) during past five years

Elisabeth Allison, 62	1991	Partner, ANZI, Ltd. (transactional work specializing in joint ventures and strategic alliances); Business negotiator, Harvard Medical School

Vanessa C.L. Chang, 56	2005	Director, EL & EL Investments (real estate); former President and CEO, ResolveItNow.com (insurance-related Internet company); former Senior Vice President, Secured Capital Corporation (real estate investment bank); former Partner, KPMG LLP (independent registered public accounting firm)

Nicholas Donatiello, Jr., 48	2008	President and CEO, Odyssey Ventures, Inc. (market research and strategy consulting firm)

Robert A. Fox, 72	1984	Managing General Partner, Fox Investments LP; corporate director; retired President and CEO, Foster Farms (poultry producer)

Koichi Itoh, 68	1994	Executive Chairman of the Board, Itoh Building Co., Ltd. (building management); former President, Autosplice KK (electronics)

William H. Kling, 67	1987	President and CEO, American Public Media Group

John G. McDonald, 72	1984	Stanford Investors Professor, Graduate School of Business, Stanford University

William I. Miller, 53	1992	Chairman of the Board and CEO, Irwin Financial
Chairman of the Board		Corporation
(Independent and
Non-Executive)

Alessandro Ovi, 65	2002	Publisher and Editor, Technology Review; President, TechRev.srl; former Special Advisor to the Italian Prime Minister; former Special Advisor to the President of the European Commission

Kirk P. Pendleton, 69	1996	Chairman of the Board and CEO, Cairnwood, Inc. (venture capital investment)

Rozanne L. Ridgway, 73	2005	Director of companies; Chair (non-executive), Baltic-American Enterprise Fund; Chair (non-executive), The CNA Corp.

Jae H. Hyun retired from the board in September 2008. The trustees thank Mr. Hyun for his dedication and service to the fund.

“Independent” trustees

	Number of
	portfolios
	in fund
	complex2
	overseen by
Name and age	trustee	Other directorships3 held by trustee

Elisabeth Allison, 62	3	Helicos BioSciences Corporation

Vanessa C.L. Chang, 56	3	Edison International

Nicholas Donatiello, Jr., 48	3	Dolby Laboratories, Inc.

Robert A. Fox, 72	8	None

Koichi Itoh, 68	5	None

William H. Kling, 67	7	Irwin Financial Corporation

John G. McDonald, 72	9	iStar Financial, Inc.; Plum Creek Timber Co.; Scholastic Corporation; Varian, Inc.

William I. Miller, 53	3	Cummins, Inc.
Chairman of the Board
(Independent and
Non-Executive)

Alessandro Ovi, 65	3	Enia SpA; Guala Closures SpA; Landi Renzo SpA;
		ST Microelectronics SNV; Telecom Italia Media SpA

Kirk P. Pendleton, 69	7	None

Rozanne L. Ridgway, 73	3	Emerson Electric; Sara Lee Corporation


“Interested” trustees4

	Year first
	elected a
	trustee or	Principal occupation(s) during past five years and
Name, age and	officer of	positions held with affiliated entities or the principal
position with fund	the fund¹	underwriter of the fund

Gina H. Despres, 67	1999	Senior Vice President, Capital Research and
Vice Chairman of the Board		Management Company; Senior Vice President, Capital Strategy Research, Inc.5

Mark E. Denning, 51	1994	Senior Vice President — Capital Research Global
President		Investors, Capital Research Company;5 Director, Capital Research and Management Company; Director, Capital International Limited5


“Interested” trustees4

	Number of
	portfolios in
	fund complex2
Name, age and	overseen
position with fund	by trustee	Other directorships3 held by trustee

Gina H. Despres, 67	4	None
Vice Chairman of the Board

Mark E. Denning, 51	1	None
President

The fund’s statement of additional information includes additional information about fund trustees and is available without charge upon request by calling American Funds Service Company at 800/421-0180. The address for all trustees and officers of the fund is 333 South Hope Street, Los Angeles, CA 90071, Attention: Secretary.

Other officers6

	Year first
	elected an	Principal occupation(s) during past five years and
Name, age and	officer of	positions held with affiliated entities or the principal
position with fund	the fund¹	underwriter of the fund

Stephen E. Bepler, 66	1984	Senior Vice President — Capital Research Global
Executive Vice President		Investors, Capital Research Company5

Carl M. Kawaja, 44	2003	Senior Vice President — Capital World Investors,
Senior Vice President		Capital Research and Management Company; Director, Capital Research and Management Company; Director, Capital International, Inc.;5 Director, Capital International Asset Management, Inc.5

Robert W. Lovelace, 46	1996	Senior Vice President — Capital World Investors,
Senior Vice President		Capital Research and Management Company; Executive Vice President and Director, Capital Research and Management Company

Michael J. Thawley, 59	2008	Senior Vice President, Capital Research and
Senior Vice President		Management Company; Senior Vice President, Capital Strategy Research, Inc.;5 former Australian Ambassador to the United States

Michael J. Downer, 54	2004	Senior Vice President, Secretary and Coordinator of
Vice President		Legal and Compliance — Capital Research and Management Company; Director, American Funds Distributors, Inc.;5 Director, Capital Bank and Trust Company5

Nicholas J. Grace, 43	2004	Senior Vice President — Capital World Investors,
Vice President		Capital Research Company5

Alwyn Heong, 49	1998	Senior Vice President — Capital Research Global
Vice President		Investors, Capital Research Company5

Sung Lee, 42	2003	Senior Vice President — Capital Research Global
Vice President		Investors, Capital Research Company;5 Director, The Capital Group Companies, Inc.5

Vincent P. Corti, 52	1984	Vice President — Fund Business Management
Secretary		Group, Capital Research and Management Company

Bryan K. Nielsen, 36	2008	Vice President, Capital Guardian Trust Company;5
Treasurer		Vice President, Capital International, Inc.5

Tanya Schneider, 36	2007	Assistant Vice President — Fund Business
Assistant Secretary		Management Group, Capital Research and Management Company

Jennifer M. Buchheim, 35	2008	Vice President — Fund Business Management
Assistant Treasurer		Group, Capital Research and Management Company

R. Marcia Gould, 54	1993	Vice President — Fund Business Management
Assistant Treasurer		Group, Capital Research and Management Company

1Trustees and officers of the fund serve until their resignation, removal or retirement.

2Capital Research and Management Company manages the American Funds. Capital Research and Management Company also manages American Funds Insurance Series,® which is composed of 16 funds and serves as the underlying investment vehicle for certain variable insurance contracts; American Funds Target Date Retirement Series,® Inc., which is composed of nine funds and is available through tax-deferred retirement plans and IRAs; and Endowments, which is composed of two portfolios and is available to certain nonprofit organizations.

3This includes all directorships (other than those in the American Funds or other funds managed by Capital Research and Management Company) that are held by each trustee as a director of a public company or a registered investment company.

4“Interested persons” within the meaning of the 1940 Act, on the basis of their affiliation with the fund’s investment adviser, Capital Research and Management Company, or affiliated entities (including the fund’s principal underwriter).

5Company affiliated with Capital Research and Management Company.

6All of the officers listed are officers and/or directors/trustees of one or more of the other funds for which Capital Research and Management Company serves as investment adviser.

[logo - American Funds®]

The right choice for the long term®

Offices of the fund and of the investment adviser

Capital Research and Management Company

333 South Hope Street

Los Angeles, CA 90071-1406

6455 Irvine Center Drive

Irvine, CA 92618

Custodian of assets

JPMorgan Chase Bank

270 Park Avenue

New York, NY 10017-2070

Transfer agent for shareholder accounts

American Funds Service Company

(Please write to the address near you.)

P.O. Box 6007

Indianapolis, IN 46206-6007

P.O. Box 2280

Norfolk, VA 23501-2280

Counsel

K&L Gates LLP

55 Second Street, Suite 1700

San Francisco, CA 94105

Independent registered public accounting firm

Deloitte & Touche LLP

695 Town Center Drive

Suite 1200

Costa Mesa, CA 92626-7188

Principal underwriter

American Funds Distributors, Inc.

333 South Hope Street

Los Angeles, CA 90071-1406

Investors should carefully consider the investment objectives, risks, charges and expenses of the American Funds. This and other important information is contained in the fund’s prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at 800/421-0180 or visit the American Funds website at americanfunds.com.

“American Funds Proxy Voting Guidelines” — which describes how we vote proxies relating to portfolio securities — is available free of charge on the U.S. Securities and Exchange Commission (SEC) website at sec.gov, on the American Funds website or upon request by calling AFS. The fund files its proxy voting record with the SEC for the 12 months ended June 30 by August 31. The report also is available on the SEC and American Funds websites.

A complete March 31, 2009, portfolio of EuroPacific Growth Fund’s investments is available free of charge by calling AFS or visiting the SEC website (where it is part of Form N-CSR).

EuroPacific Growth Fund files a complete list of its portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. This filing is available free of charge on the SEC website. You may also review or, for a fee, copy this filing at the SEC’s Public Reference Room in Washington, D.C. Additional information regarding the operation of the Public Reference Room may be obtained by calling the SEC’s Office of Investor Education and Advocacy at 800/SEC-0330. Additionally, the list of portfolio holdings is available on the American Funds website or by calling AFS.

This report is for the information of shareholders of EuroPacific Growth Fund, but it also may be used as sales literature when preceded or accompanied by the current prospectus, which gives details about charges, expenses, investment objectives and operating policies of the fund. If used as sales material after June 30, 2009, this report must be accompanied by an American Funds statistical update for the most recently completed calendar quarter.

The Capital Group Companies

American Funds Capital Research and Management Capital International Capital Guardian Capital Bank and Trust

Lit. No. MFGEAR-916-0509P

Litho in USA BG/Q/8055-S16806

Printed on paper containing 10% post-consumer waste

Printed with inks containing soy and/or vegetable oil

ITEM 2 – Code of Ethics

Registrant:
	a) Audit Fees:
		2008	$100,000
		2009	$106,000

	b) Audit-Related Fees:
		2008	$35,000
		2009	$31,000
		The audit-related fees consist of assurance and related services relating to the examination of the Registrant’s investment adviser conducted in accordance with Statement on Auditing Standards Number 70 issued by the American Institute of Certified Public Accountants.

	c) Tax Fees:
		2008	$27,000
		2009	$27,000
		The tax fees consist of professional services relating to the preparation of the Registrant’s tax returns including returns relating to the Registrant’s investments in non-U.S. jurisdictions.

	d) All Other Fees:
		2008	None
		2009	None

Adviser and affiliates (includes only fees for non-audit services billed to the adviser and affiliates for engagements that relate directly to the operations and financial reporting of the Registrant and were subject to the pre-approval policies described below):
	a) Audit Fees:
		Not Applicable

	b) Audit-Related Fees:
		2008	$1,160,000
		2009	$924,000
		The audit-related fees consist of assurance and related services relating to the examination of the Registrant’s transfer agent, principal underwriter and investment adviser conducted in accordance with Statement on Auditing Standards Number 70 issued by the American Institute of Certified Public Accountants.

	c) Tax Fees:
		2008	$3,000
		2009	$6,000
		The tax fees consist of consulting services relating to the Registrant’s investments.

	d) All Other Fees:
		2008	None
		2009	$2,000
		The other fees consist of subscription services related to an accounting research tool.

(a)	The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940), that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.

(b)	There were no changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

(a)(1)	The Code of Ethics that is the subject of the disclosure required by Item 2 is attached as an exhibit hereto.

(a)(2)	The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.

	EUROPACIFIC GROWTH FUND

	By /s/ Gina H. Despres
	Gina H. Despres, Vice Chairman and Principal Executive Officer

	Date: June 2, 2009

The Fund has adopted the following standards in accordance with the requirements of Form N-CSR adopted by the Securities and Exchange Commission pursuant to Section 406 of the Sarbanes-Oxley Act of 2002 for the purpose of deterring wrongdoing and promoting: 1) honest and ethical conduct, including handling of actual or apparent conflicts of interest between personal and professional relationships; 2) full, fair, accurate, timely and understandable disclosure in reports and documents that a fund files with or submits to the Commission and in other public communications made by the fund; 3) compliance with applicable governmental laws, rules and regulations; 4) the prompt internal reporting of violations of the Code to an appropriate person or persons identified in the Code; and 5) accountability for adherence to the Code. These provisions shall apply to the principal executive officer or chief executive officer and treasurer (“Covered Officers”) of the Fund.

(1)	It is the responsibility of Covered Officers to foster, by their words and actions, a corporate culture that encourages honest and ethical conduct, including the ethical resolution of, and appropriate disclosure of conflicts of interest. Covered Officers should work to assure a working environment that is characterized by respect for law and compliance with applicable rules and regulations.

(2)	Each Covered Officer must act in an honest and ethical manner while conducting the affairs of the Fund, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships. Duties of Covered Officers include:

	•	Acting with integrity;
	•	Adhering to a high standard of business ethics;
	•	Not using personal influence or personal relationships to improperly influence investment decisions or financial reporting whereby the Covered Officer would benefit personally to the detriment of the Fund;

(3)	Each Covered Officer should act to promote full, fair, accurate, timely and understandable disclosure in reports and documents that the Fund files with or submits to, the Securities and Exchange Commission and in other public communications made by the Fund.

	•	Covered Officers should familiarize themselves with disclosure requirements applicable to the Fund and disclosure controls and procedures in place to meet these requirements.

	•	Covered Officers must not knowingly misrepresent, or cause others to misrepresent facts about the Fund to others, including the Fund’s auditors, independent trustees, governmental regulators and self-regulatory organizations.

(4)	Any existing or potential violations of this Code should be reported to The Capital Group Companies’ Personal Investing Committee. The Personal Investing Committee is authorized to investigate any such violations and report their findings to the Chairman of the Audit Committee of the Fund. The Chairman of the Audit Committee may report violations of the Code to the Fund’s Board or other appropriate entity including the Audit Committee, if he or she believes such a reporting is appropriate. The Personal Investing Committee may also determine the appropriate sanction for any violations of this Code, including removal from office, provided that removal from office shall only be carried out with the approval of the Fund’s Board.

(5)	Application of this Code is the responsibility of the Personal Investing Committee, which shall report periodically to the Chairman of the Audit Committee of the Fund.

(6)	Material amendments to these provisions must be ratified by a majority vote of the Fund’s Board. As required by applicable rules, substantive amendments to the Code must be filed or appropriately disclosed.

Common stocks — 86.95%	Shares			Value (000)

HEALTH CARE — 13.78%
Roche Holding AG1		15,627,068		$	2,141,935
Bayer AG, non-registered shares1		36,180,750			1,730,810
Novo Nordisk A/S, Class B1		26,376,817			1,264,059
Teva Pharmaceutical Industries Ltd. (ADR)		23,429,100			1,055,481
Novartis AG1		27,562,743			1,038,589
UCB SA1,2		10,179,479			299,819
Merck KGaA1		2,913,558			256,782
Smith & Nephew PLC1		40,910,476			252,510
CSL Ltd.1		7,082,900			160,206
Terumo Corp.1		3,500,000			130,119
Lonza Group Ltd.1		1,047,012			103,338
Richter Gedeon NYRT1		849,000			92,774
Nobel Biocare Holding AG1		3,498,482			59,643
AstraZeneca PLC (Sweden)1		1,613,559			56,769
Essilor International1		1,427,000			55,101
Elan Corp., PLC (ADR)3		6,000,000			39,840
Straumann Holding AG1		65,390			10,102
					8,747,877

TELECOMMUNICATION SERVICES — 11.27%
América Móvil, SAB de CV, Series L (ADR)		54,323,700			1,471,086
América Móvil, SAB de CV, Series L		31,090,000			42,407
Telefónica, SA1		49,110,000			979,423
Koninklijke KPN NV1		61,614,900			822,816
MTN Group Ltd.1		36,851,500			410,731
China Mobile Ltd.1		46,400,000			403,952
Bharti Airtel Ltd.1,3		31,832,491			395,770
NTT DoCoMo, Inc.1		214,506			292,777
Vodafone Group PLC1		130,164,919			227,058
France Télécom SA1		8,716,000			197,927
Teléfonos de México, SAB de CV, Class L (ADR)		11,709,400			176,109
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk, Class B1		246,563,200			161,551
Telekom Austria AG, non-registered shares1		10,421,244			157,262
SOFTBANK CORP.1		12,130,000			154,976
OJSC Mobile TeleSystems (ADR)		4,789,800			143,311
Iliad SA1		1,497,000			139,491
Philippine Long Distance Telephone Co.1		2,976,260			133,674
Portugal Telecom, SGPS, SA1		15,795,000			122,243
Singapore Telecommunications Ltd.1		69,650,824			115,906
KDDI Corp.1		19,600			92,521
Telmex Internacional, SAB de CV, Class L (ADR)		9,987,400			91,584
Telekomunikacja Polska SA1		16,601,227			89,630
Telenor ASA1		15,040,200			86,069
Chunghwa Telecom Co., Ltd. (ADR)		4,513,770			82,286
TIM Participações SA, preferred nominative (ADR)		5,038,616			62,580
Orascom Telecom Holding SAE (GDR)1		2,151,450			48,059
Far EasTone Telecommunications Co., Ltd.1		41,130,660			42,314
Joint-Stock Financial Corp. Sistema (GDR)1		1,437,115			8,233
					7,151,746

FINANCIALS — 10.91%
Banco Santander, SA1		96,780,756			664,480
Housing Development Finance Corp. Ltd.1,2		15,436,346			434,090
AXA SA1		29,824,649			361,620
Prudential PLC1		70,971,091			341,472
Deutsche Bank AG1		8,008,504			325,282
QBE Insurance Group Ltd.1		20,171,109			271,124
HSBC Holdings PLC (Hong Kong)1		41,530,530			232,015
Bank of China Ltd., Class H1		692,831,000			229,828
Sun Hung Kai Properties Ltd.1		24,328,000			217,938
Ping An Insurance (Group) Co. of China, Ltd., Class H1		36,245,500			216,409
China Life Insurance Co. Ltd., Class H1		60,775,000			199,963
Industrial and Commercial Bank of China Ltd., Class H1		356,250,000			185,324
Banco Bradesco SA, preferred nominative		18,265,197			183,207
Royal Bank of Scotland Group PLC1,3		506,979,505			180,094
Fairfax Financial Holdings Ltd. (CAD denominated)		500,000			129,119
Fairfax Financial Holdings Ltd.		94,114			24,517
Standard Chartered PLC1		12,386,875			153,423
Itaú Unibanco Banco Múltiplo SA (ADR)		10,580,185			115,112
Itaú Unibanco Banco Múltiplo SA		2,528,900			28,166
BNP Paribas SA1		3,447,140			141,876
Sampo Oyj, Class A1		8,602,515			127,050
Oversea-Chinese Banking Corp. Ltd.1		38,500,000			122,595
HDFC Bank Ltd.1		5,921,258			114,937
Skandinaviska Enskilda Banken AB, Class A1		35,872,000			111,177
Erste Bank der oesterreichischen Sparkassen AG1		6,500,515			111,021
State Bank of India1		4,906,336			104,218
TrygVesta A/S1		1,991,000			100,972
Lloyds Banking Group PLC1		94,887,264			97,122
Unibail-Rodamco, non-registered shares1		622,000			88,373
Banco do Brasil SA, ordinary nominative		12,030,500			88,126
PartnerRe Holdings Ltd.		1,395,000			86,588
Sberbank (Savings Bank of the Russian Federation) (GDR)1		825,935			86,334
Bank of Nova Scotia		3,200,000			78,758
Barclays PLC1		35,233,807			75,051
Ayala Land, Inc.1		631,283,600			74,876
Swire Pacific Ltd., Class A1		10,270,000			68,532
Türkiye Garanti Bankasi AS1,3		47,950,000			68,281
Topdanmark A/S1,3		673,550			66,453
DBS Group Holdings Ltd1		10,012,500			56,126
Allianz SE1		585,000			49,212
Société Générale1		1,227,049			48,115
Samsung Fire & Marine Insurance Co., Ltd.1		400,000			46,854
Türkiye Is Bankasi AS, Class C1		20,500,000			46,257
UBS AG1		4,708,728			44,657
ING Groep NV, depository receipts1		8,000,000			44,620
Daito Trust Construction Co., Ltd.1		1,315,000			44,096
Credit Suisse Group AG1		1,415,000			42,847
Mitsubishi Estate Co., Ltd.1		3,517,000			40,161
Macquarie Group Ltd.1		1,996,000			37,716
GuangZhou R&F Properties Co., Ltd., Class H1		28,541,200			33,033
DnB NOR ASA1		7,300,000			32,970
Swedbank AB, Class A1		6,865,000			22,838
Unione di Banche Italiane Scpa1		2,097,977			23,072
Shinhan Financial Group Co., Ltd.1,3		340,930			6,169
Hana Financial Holdings1		159,370			2,479
					6,926,745

CONSUMER STAPLES — 9.30%
Anheuser-Busch InBev NV1		39,768,464			1,096,571
Nestlé SA1		31,428,000			1,062,049
Tesco PLC1		106,932,773			511,011
British American Tobacco PLC1		20,599,999			476,280
Groupe Danone SA1		7,517,263			366,416
L’Oréal SA1		5,125,800			352,955
Koninklijke Ahold NV1		24,513,000			267,982
Diageo PLC1		22,710,390			256,050
Beiersdorf AG1		4,992,000			224,160
Unilever NV, depository receipts1		10,601,000			209,275
Pernod Ricard Co.1		3,738,500			208,657
Shoppers Drug Mart Corp.		5,882,100			201,941
METRO AG1		5,293,269			174,707
Wal-Mart de México, SAB de CV, Series V		64,835,718			151,613
SABMiller PLC1		10,022,000			149,211
Woolworths Ltd.1		6,090,626			106,285
Unilever PLC1		2,526,750			47,818
Coca-Cola Hellenic Bottling Co. SA1		3,000,000			42,733
					5,905,714

INFORMATION TECHNOLOGY — 8.47%
SAP AG1		21,780,795			772,384
SAP AG (ADR)		4,812,500			169,833
Samsung Electronics Co., Ltd.1		1,962,259			816,902
Samsung Electronics Co., Ltd., nonvoting preferred1		48,800			11,312
Taiwan Semiconductor Manufacturing Co. Ltd.1		364,260,260			554,858
Taiwan Semiconductor Manufacturing Co. Ltd. (ADR)		5,793,756			51,854
HOYA CORP.1,2		26,989,700			534,447
HTC Corp.1,2		38,751,100			479,907
Murata Manufacturing Co., Ltd.1		9,068,800			350,742
Canon, Inc.1		10,912,900			318,438
Hirose Electric Co., Ltd.1,2		2,547,000			246,804
Nokia Corp.1		15,015,600			175,540
Nokia Corp. (ADR)		1,268,300			14,801
Konica Minolta Holdings, Inc.1		14,585,000			126,517
Mediatek Incorporation1		11,043,000			104,592
Nippon Electric Glass Co., Ltd.1		13,033,000			92,593
Hon Hai Precision Industry Co., Ltd.1		36,643,255			83,158
Redecard SA, ordinary nominative		6,510,000			79,290
STMicroelectronics NV1		15,000,000			75,217
Ibiden Co., Ltd.1		2,695,200			66,014
Delta Electronics, Inc.1		35,673,101			65,848
ASML Holding NV1		3,440,222			60,810
ASML Holding NV (New York registered)		189,333			3,315
Rohm Co., Ltd.1		850,000			42,601
Quanta Computer Inc.1		32,866,994			41,647
Tencent Holdings Ltd.1		5,340,400			39,683
					5,379,107

CONSUMER DISCRETIONARY — 8.26%
Honda Motor Co., Ltd.1		25,502,250			610,399
Industria de Diseño Textil, SA1		12,714,674			493,840
Toyota Motor Corp.1		15,238,300			488,908
British Sky Broadcasting Group PLC1		62,627,805			388,163
Esprit Holdings Ltd.1		50,991,000			263,246
Daimler AG1		9,583,778			243,266
Daimler AG (New York registered)		250,000			6,385
OPAP (Greek Organization of Football Prognostics) SA1		8,701,490			229,615
Cie. Générale des Établissements Michelin, Class B1		6,175,919			228,336
adidas AG1		6,843,000			227,914
Vivendi SA1		6,827,000			180,129
Peugeot SA1		9,361,900			176,332
Marks and Spencer Group PLC1		41,500,000			174,831
Swatch Group Ltd, non-registered shares1		973,900			117,178
Swatch Group Ltd1		853,360			20,771
Yamada Denki Co., Ltd.1		3,442,150			133,956
Mediaset SpA1		27,444,198			122,428
Porsche Automobil Holding SE, nonvoting preferred1		2,310,403			108,636
Fiat SpA1		15,530,000			108,468
H & M Hennes & Mauritz AB, Class B1		2,702,000			101,236
Nikon Corp.1		8,220,000			94,018
Renault SA1		4,203,521			86,695
Kingfisher PLC1		35,677,216			76,341
Suzuki Motor Corp.1		3,946,333			66,060
Carnival PLC1		2,500,000			56,552
Crown Ltd.1		12,550,000			55,123
Hyundai Motor Co.1		1,344,390			54,802
Grupo Televisa, SAB, ordinary participation certificates (ADR)		4,000,000			54,560
GOME Electrical Appliances Holding Ltd.1		469,530,000			47,256
Techtronic Industries Co. Ltd.1,2		86,710,000			40,183
JCDecaux SA1		3,528,700			39,919
GEOX SpA1		6,352,000			39,616
AB Electrolux, Series B1		4,820,000			37,680
News Corp., Class A		4,152,946			27,493
Carphone Warehouse Group PLC1		12,000,000			21,584
Li & Fung Ltd.1		5,650,000			13,272
DSG International PLC1		25,345,000			7,543
					5,242,734

ENERGY — 7.64%
Petróleo Brasileiro SA – Petrobras, ordinary nominative (ADR)		22,151,340			674,951
Petróleo Brasileiro SA – Petrobras, preferred nominative (ADR)		8,075,860			197,859
OAO Gazprom (ADR)1		58,448,000			858,640
TOTAL SA1		10,324,500			511,320
Reliance Industries Ltd.1		16,130,000			483,799
Royal Dutch Shell PLC, Class B1		8,190,000			179,250
Royal Dutch Shell PLC, Class A1		3,195,000			71,763
Royal Dutch Shell PLC, Class B (ADR)		1,292,999			56,388
Royal Dutch Shell PLC, Class A (ADR)		1,000,000			44,300
China National Offshore Oil Corp.1		325,141,100			322,388
Saipem SpA, Class S1		13,866,566			247,041
Canadian Natural Resources, Ltd.		5,611,300			217,402
Eni SpA1		9,894,000			190,221
Suncor Energy Inc.		7,500,000			167,182
OAO LUKOIL (ADR)1		3,315,100			124,537
Sasol Ltd.1		3,518,000			102,712
StatoilHydro ASA1		4,828,320			84,206
Nexen Inc.		4,030,233			68,256
Petro-Canada		2,300,000			61,709
Oil & Natural Gas Corp. Ltd.1		3,900,000			60,393
Woodside Petroleum Ltd.1		1,945,813			51,207
PetroChina Co. Ltd., Class H1		46,600,000			37,145
OGX Petróleo e Gás Participações SA, ordinary nominative3		113,500			35,041
					4,847,710

MATERIALS — 6.45%
Xstrata PLC1		65,928,105			439,223
Linde AG1		5,998,100			406,998
Syngenta AG1		1,517,315			304,528
Shin-Etsu Chemical Co., Ltd.1		5,606,700			275,282
POSCO1		1,011,890			270,988
Barrick Gold Corp.		6,870,000			222,725
Impala Platinum Holdings Ltd.1		11,640,488			196,279
ArcelorMittal1		9,377,136			189,515
Rio Tinto PLC1		5,548,929			185,524
Yamana Gold Inc.		15,813,000			147,433
Akzo Nobel NV1		3,390,000			128,271
Potash Corp. of Saskatchewan Inc.		1,500,000			121,215
BHP Billiton Ltd.1		5,435,000			121,096
BHP Billiton PLC1		6,000,000			118,616
BASF SE1		3,610,000			109,431
Holcim Ltd.1		3,028,571			107,508
Cia. Vale do Rio Doce, ordinary nominative (ADR)		8,000,000			106,400
L’Air Liquide SA, non-registered shares1		1,186,000			96,215
Kumba Iron Ore Ltd.1		4,650,000			81,150
Nitto Denko Corp.1		3,590,600			73,753
CRH PLC1		2,540,080			54,556
CRH PLC1.3		725,737			15,790
First Quantum Minerals Ltd.		2,402,129			67,550
JSC Uralkali (GDR)1		4,304,918			50,149
Titan Cement Co. SA1		2,283,000			48,837
Rio Tinto Ltd.1		990,000			38,831
CEMEX, SAB de CV, ordinary participation certificates, units (ADR)		4,538,006			28,363
JSR Corp.1		1,922,800			22,679
Stora Enso Oyj, Class R1,3		5,094,843			18,013
Sterlite Industries (India) Ltd. (ADS)		2,167,019			15,321
Givaudan SA1		28,500			14,739
Koninklijke DSM NV1		515,979			13,540
Rhodia SA1		945,833			3,469
					4,093,987

INDUSTRIALS — 5.38%
Ryanair Holdings PLC (ADR)2,3		19,373,900			447,731
Schneider Electric SA1		4,942,312			327,669
Siemens AG1		5,363,400			306,707
Orkla AS1		31,283,900			215,840
FANUC LTD1		3,105,000			212,877
AB Volvo, Class B1		39,639,500			209,728
SMC Corp.1		1,804,500			173,209
Qantas Airways Ltd.1,2		127,259,300			154,757
Capita Group PLC1		13,362,005			129,694
ABB Ltd1		8,722,100			121,492
Alstom SA1		2,328,000			120,352
Sandvik AB1		20,394,000			116,606
Scania AB, Class B1		12,546,800			102,182
Scania AB, Class A1		449,780			3,618
Vestas Wind Systems A/S1,3		2,340,967			103,292
Komatsu Ltd.1		7,500,000			83,223
Bharat Heavy Electricals Ltd.1		2,583,550			77,510
Air France1		8,542,699			76,017
Wolseley PLC1,3		22,263,416			73,572
Finmeccanica SpA1		5,896,000			73,251
Deutsche Lufthansa AG1		5,000,000			54,300
ASSA ABLOY AB, Class B1		5,621,000			52,501
Geberit AG1		550,000			49,269
Toll Holdings Ltd.1		9,367,940			40,693
SembCorp Industries Ltd1		21,995,000			34,370
Vallourec SA1		220,000			20,366
European Aeronautic Defence and Space Co. EADS NV1		1,684,200			19,567
Metso Oyj1		1,250,000			14,724
					3,415,117

UTILITIES — 4.00%
GDF Suez1		16,513,512			566,959
RWE AG1		5,590,500			392,481
Hongkong Electric Holdings Ltd.1		54,480,000			323,379
E.ON AG1		7,560,282			210,142
Fortum Oyj1		8,308,112			157,916
Public Power Corp. SA1		8,570,413			155,564
China Resources Power Holdings Co. Ltd.1		71,978,000			150,592
Hong Kong and China Gas Co. Ltd.1		89,197,250			140,664
Electricité de France SA1		3,018,000			118,355
Red Eléctrica de Corporación, SA1		2,917,000			113,707
Veolia Environnement1		4,860,000			101,131
SUEZ Environnement Co.1,3		4,425,154			65,004
Cheung Kong Infrastructure Holdings Ltd.1		10,689,000			42,761
					2,538,655

MISCELLANEOUS — 1.49%
Other common stocks in initial period of acquisition					949,277


Total common stocks (cost: $66,734,479,000)					55,198,669



Preferred stocks — 0.25%

FINANCIALS — 0.25%
SMFG Preferred Capital USD 3 Ltd. 9.50%4,5		134,445,000			108,962
SMFG Preferred Capital USD 2 Ltd. 8.75% noncumulative4		28,974,000			22,859
Shinsei Finance II (Cayman) Ltd. 7.16% noncumulative4,5		71,405,000			15,888
Woori Bank 6.208%4,5		30,950,000			12,767
Shinhan Bank 5.663% 20355		2,690,000			1,260
Shinhan Bank 6.819% 20365		600,000			293



Total preferred stocks (cost: $230,555,000)					162,029




Rights — 0.03%

MISCELLANEOUS — 0.03%
Other rights in initial period of acquisition					16,103


Total rights (cost: $0)					16,103



	Principal amount
Bonds & notes — 0.72%		(000	)

BONDS & NOTES OF GOVERNMENTS OUTSIDE THE U.S. — 0.24%
Brazilian Treasury Bill 0% 2010	BRL219,500				88,892
Brazil (Federal Republic of) 10.00% 20121		50,000			21,231
Brazil (Federal Republic of) Global 6.00% 2017	$	10,000			10,025
Brazil (Federal Republic of) Global 8.25% 2034		6,150			6,857
Brazil (Federal Republic of) Global 7.125% 2037		5,000			5,038
Brazil (Federal Republic of) Global 11.00% 2040		18,000			22,950
					154,993

CONSUMER DISCRETIONARY — 0.16%
DaimlerChrysler North America Holding Corp. 4.875% 2010		4,250			4,129
DaimlerChrysler North America Holding Corp., Series E, 5.75% 2011		19,970			18,883
DaimlerChrysler North America Holding Corp. 7.75% 2011		8,080			7,971
DaimlerChrysler North America Holding Corp. 7.30% 2012		21,998			21,098
DaimlerChrysler North America Holding Corp. 6.50% 2013		52,910			47,986
					100,067

CONSUMER STAPLES — 0.10%
British American Tobacco International Finance PLC 9.50% 20184		54,775			62,335


ENERGY — 0.10%
Gaz Capital SA 7.343% 2013		1,900			1,674
Gaz Capital SA 8.146% 2018		35,280			29,106
Gazprom International SA 7.201% 20206		22,819			20,366
Open Joint Stock Co. Gazprom, Series 2, 8.625% 2034		5,875			5,229
Gaz Capital SA 7.288% 2037		6,300			4,095
					60,470


FINANCIALS — 0.07%
Westfield Group 5.40% 20124		5,375			4,471
Westfield Capital Corp. Ltd., WT Finance (Australia) Pty Ltd. and WEA Finance LLC 5.125% 20144		2,805			2,171
Westfield Group 5.70% 20164		9,100			6,791
Westfield Group 7.125% 20184		42,735			33,439
					46,872

TELECOMMUNICATION SERVICES — 0.05%
France Télécom 7.75% 20115		30,000			32,144


Total bonds & notes (cost: $420,833,000)					456,881




Short-term securities — 12.01%

Freddie Mac 0.20%–1.80% due 4/1/2009–2/3/2010		1,911,575			1,909,221
U.S. Treasury Bills 0.095%–0.416% due 4/2–10/1/2009		1,326,450			1,325,247
Fannie Mae 0.44%–2.20% due 4/1–11/16/2009		930,500			929,487
Federal Home Loan Bank 0.26%–0.75% due 4/9/2009–1/8/2010		725,800			724,208
International Bank for Reconstruction and Development 0.25%–0.50% due 4/14–9/22/2009		516,800			516,166
Caisse d’Amortissement de la Dette Sociale 0.32%–0.74% due 4/6–7/13/2009		306,500			306,331
Denmark (Kingdom of) 0.77%–1.05% due 4/7–4/30/2009		200,000			199,947
General Electric Capital Corp., FDIC insured, 0.25%–0.70% due 6/15–7/13/2009		180,000			179,869
Chevron Corp. 0.44%–0.45% due 4/24–5/28/2009		166,800			166,730
BASF AG 0.50%–0.78% due 4/6–5/11/20094		134,100			134,031
Bank of America Corp., FDIC insured, 0.40% due 4/20–4/27/2009		129,900			129,854
British Columbia (Province of) 0.36%–0.39% due 6/19–7/24/2009		124,178			124,072
Total Capital Canada Ltd. 0.47% due 5/13/20094		66,590			66,553
Total Capital SA 0.34% due 4/3/20094		50,000			49,997
Private Export Funding Corp. 0.25%–0.50% due 4/29–7/24/20094		115,500			115,366
KfW 0.40%–0.41% due 5/4–6/23/20094		107,900			107,838
Unilever Capital Corp. 0.19%–0.60% due 4/6–6/3/20094		106,200			106,162
Siemens Capital Co. LLC 0.27% due 4/13/20094		100,000			99,990
Jupiter Securitization Co., LLC 0.40% due 4/16/20094		50,000			49,991
Park Avenue Receivables Co., LLC 0.40% due 4/2/20094		43,700			43,699
Wells Fargo & Co. 0.25% due 4/21/2009		51,600			51,592
Shell International Finance BV 1.60% due 4/3/20094		50,000			49,998
BP Capital Markets PLC 0.85% due 4/8/20094		50,000			49,994
Bank of Nova Scotia 0.53% due 5/15/2009		50,000			49,967
Danske Corp. 0.68% due 4/15/20094		40,000			39,985
Citigroup Funding Inc., FDIC insured, 0.30% due 4/16/2009		30,000			29,996
Old Line Funding, LLC 0.40% due 4/8/20094		25,000			24,995
BNP Paribas Finance Inc. 0.44% due 4/17/2009		15,500			15,497
Export Development Canada 1.05% due 5/8/2009		15,000			14,993
Enterprise Funding Co. LLC 0.50% due 4/6/20094		10,800			10,798
DaimlerChrysler North America Holding Corp. 7.20% due 9/1/2009		3,000			3,013


Total short-term securities (cost: $7,624,381,000)					7,625,587

Total investment securities (cost: $75,010,248,000)					63,459,269
Other assets less liabilities					25,178

Net assets				$	63,484,447

1.	I have reviewed this report on Form N-CSR of EuroPacific Growth Fund;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

	d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's Board of Trustees (or persons performing the equivalent functions):

	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

1)	The Registrant's periodic report on Form N-CSR for the period ended March 31, 2009 (the "Form N-CSR") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2)	The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Principal Executive Officer	Principal Financial Officer

EUROPACIFIC GROWTH FUND	EUROPACIFIC GROWTH FUND


/s/ Gina H. Despres	/s/ Bryan K. Nielsen
Gina H. Despres, Vice Chairman	Bryan K. Nielsen, Treasurer

Date: June 2, 2009	Date: June 2, 2009